Budgeting for realized gains
Disciplined planning for realizing gains lessens the potential for unanticipated taxes or ugly year-end surprises.
2017 Tax Insider articles
Tax credit for solar panels installed in residential property
Most people know that this credit is available for qualifying solar property installed in their homes, but they may not realize the credit is also available for rental properties they may own.
Foreign trust DNI, UNI, and the throwback rules: Important tax planning strategies
Foreign nongrantor trusts with U.S. beneficiaries have always been highly regulated under the throwback rules .
How to make sure an HSA avoids ERISA
The DOL has provided safe harbors to help employers ensure they avoid ERISA.
Beware of tax promoters purporting to save employment taxes on health plans
A number of wellness plans and health plan arrangements have been marketed to employers as a way to save employment and income taxes for employers and employees.
Tax treatment of loans from hospitals to newly recruited physicians
The loans may be recharacterized as compensation, which can trigger unexpected income and payroll taxes for the doctor.
Reliance on tax software does not let taxpayer off the hook
A recent Tax Court case provides a cautionary tale for taxpayers who rely on do-it-yourself tax preparation software.
A PATH to savings
This article examines the PATH act provisions and other developments favorable for taxpayers.
Guide to expensing roofing costs
This column provides tax preparers an outline of questions to ask clients when evaluating roof repair costs.
Employment taxes: Beware civil and criminal penalties
The government can impose a 100% trust fund recovery penalty on “responsible persons” who were required to pay over the money or who controlled the funds.
Estate planning for blended families
This column discusses AB trusts and ABC trusts.
Infrastructure spending and excise tax: It’s about to get a lot more complicated
This article discusses how excise tax changes may affect your business and what you can do to ensure tax compliance and avoid potential penalties.
IRS notice response tips everyone should know
This column discusses IRS notices and how taxpayers should react to them.
Dealing with state tax issues? It comes down to domicile
Most states that have a personal income tax have a function whereby the taxpayer can file as a full-year resident, a partial-year resident, or a nonresident.
Cryptocurrency and taxes
Cryptocurrency has gone mostly unregulated, but Coinbase could be just the first of many IRS targets.
A new tax-efficient approach to protecting unrealized gains
A stock protection fund may be helpful to some investors.
S corporation owner-employees: Who controls income?
Clients who wish to have income from services be treated as income of their corporations should have revise independent contractor agreements so that payments are made to their corporations.
Form 1040NR enters the 21st century
Nonresident filers can now file their 2016 Form 1040NR electronically.
How to determine profit motive
This column examines two U.S. Tax Court cases addressing profit motive.
Maximizing the EITC for deployed troops
This article discusses why deployed troops who are in harm’s way are getting less benefit from the EITC, how it affects their households, and a simple solution to the problem.
