Tax Planning

Topics

August 8, 2025

No 2025 information return or withholding table changes under OBBBA

The IRS announced Thursday that it is delaying changes to certain information returns, withholding tables, and reporting and withholding procedures until tax year 2026 “to avoid disruptions.”

May 1, 2025

Tax season insights for CPAs: Solutions that match your valuable tax insights

Clint Costa CPA, J.D., LL.M., Senior Wealth Strategist, Choreo, LLC, discusses three tax insights that CPAs may encounter during filing season and actionable solutions.

April 2, 2025

Bills dealing with tax administration, disaster victims pass House

The AICPA endorsed four of the six bills, all of which passed with bipartisan support and were forwarded to the Senate.

March 31, 2025

Beyond the forms: The tax return as a beacon for financial planning

CPA personal financial planners’ ability to discern the story inherent in a client’s tax returns brings unique value to the relationship.

October 1, 2024

The time value of capital losses

Capital gains in the forecast? Stockpiling losses may make sense. For certain investors, systematically harvesting capital losses in a portfolio in anticipation of future capital gains can be a beneficial strategy, significantly increasing the quantity of gains that can eventually be offset, as this article illustrates using historical market data.

December 8, 2022

Smart tax strategies for lottery winners

Did a client finally hit their lucky number? Here’s why you should convince them to elect installment payments over the lump-sum option if they win millions in the lottery.

December 1, 2022

Tax planning issues to consider when assisting clients in a divorce

Navigating a divorce can be an emotional experience for clients, and assisting them can likewise be poignant for their tax advisers, particularly when the adviser has a long-established relationship with both spouses.

December 1, 2022

Dividing up assets when a marriage ends: Tax implications

Tax advisers can help divorcing couples reach an agreement that divides marital property equitably with respect to taxes and each party’s financial goals.

December 1, 2022

Tax planning for bond transactions

Bonds offer tax advantages and can help protect a portfolio against inflation.

April 1, 2022

How an HSA can be viewed as a flexible tax-favored investment

This article shows how clients can benefit from viewing a health savings account as a flexible tax-favored investment strategy.

December 1, 2021

Seven strategies to accelerate income in response to increasing rates

Due to concern about tax rate increases, some taxpayers may be looking to accelerate income. While income acceleration does not make sense in all circumstances, this article outlines seven strategies for accelerating income when it does.

December 1, 2021

Importance of purchase price allocation in real estate transactions

In a year when real estate prices are soaring in many areas of the country, these easily overlooked allocations can have a significant tax impact.

November 1, 2021

The grantor trust rules: An exploited mismatch

This article discusses the history of the grantor trust rules, how they are exploited to avoid taxes, and ways the rules might be reformed to prevent them from being used for tax avoidance.

September 1, 2021

Individual tax update

This semiannual update surveys recent federal tax developments involving individuals.

August 1, 2021

Commercial real estate: Debt restructuring and planning

As many companies continue to work remotely and demand for office space dries up, landlords and banks may be forced to renegotiate debt agreements or foreclose on assets, which could have significant tax consequences.

July 1, 2021