Personal Financial Planning

Taxpayer marital status and the QBI deduction

This article provides an analysis in four scenarios of whether the QBI deduction will cause a marriage penalty or bonus and discusses whether the existence of a marriage penalty or bonus affects couples’ decision to marry.

Using I bonds for education savings

I bonds provide a flexible, tax-advantaged method for saving for children’s education.

Tax Insider Articles

Tax Clinic

Inflation Reduction Act includes 15% corporate minimum tax on book income

Private foundations’ distributions to and from nonpublic charities

Supporting organization loses tax-exempt status

Sec. 987 foreign currency regulations applicability date extended again

The Inflation Reduction Act’s energy- and climate-related tax provisions

DEDUCTIONS

Business meal deductions after the TCJA

This article discusses the history of the deduction of business meal expenses and the new rules under the TCJA and the regulations and provides a framework for documenting and substantiating the deduction.

TAX RELIEF

Quirks spurred by COVID-19 tax relief

This article discusses some procedural and administrative quirks that have emerged with the new tax legislative, regulatory, and procedural guidance related to COVID-19.

Magazine