The opportunity zone program offers a solution for deferring gains and allows investors to diversify into real estate or operating businesses.
Tax Insider Articles
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These trusts can be advantageous to wealthier clients, but their future use in estate planning is threatened by current legislative proposals.
Donor-advised funds have increased in popularity because of recent legislative changes that affect charitable giving.
With potential tax hikes looming, CPAs can help clients manage capital gains taxes with the right strategy.
The IRS’s release of Notice 2021-49 provides employers with additional guidance on issues of the employee retention credit.
This article discusses issues that have evolved around FDII where there has been little guidance and outlines ways to better take advantage of the FDII regime.
While the impact of lost wages and retail receipts was felt almost immediately in city coffers, property assessments are only now starting to take effect — and most assessors have massive budget holes to fill.
This guide provides tax preparers an outline of questions to ask clients when evaluating HVAC repair costs.
This article addresses certain aspects of the withholding rules of the final Sec. 1446(f) regulations, options to eliminate or reduce Sec. 1446(f) withholding, and some outstanding issues.
CPAs can play a vital role in helping plan sponsors cut costs and make the best of a challenging situation so the business can keep its company retirement plans intact.
This article focuses on the key tax and reporting areas applicable to revocable trusts and the associated planning and pitfalls that arise at the grantor’s death.
This article discusses self-charged interest requirements.
After a year of many changes, this tax season looks very different. The AICPA wants to hear your feedback about this tax season so it can better support the profession.
This article discusses the applicable deadlines for individuals for investing in a QOF and obtaining tax deferral.
Compared to pre-TCJA rules, there is no material change in the tax treatment of a building involved in a like-kind exchange, where a cost segregation study has been performed.
This article focuses on the role of family CPAs in IRS collection matters.
The IRS issued regulations to address the changes made to the meals and entertainment deduction under the TCJA.
The COVID-19 recession is the reason why the IRS added “offer-in-compromise mills” to its annual Dirty Dozen scams list.
One of the biggest, yet most misunderstood, penalty defenses is that a tax position was based on reasonable cause and the taxpayer acted in good faith.
This article focuses on two opportunities beneficial to both employers and employees: (1) Sec. 139 disaster relief payments and (2) Sec. 127 educational assistance payments.