Tax Planning; Tax Minimization

Rembrandt and retirement: The pitfalls of collectibles and self-directed IRAs

This item explores how certain tax provisions may affect potential investors planning to indirectly invest in collectibles.

Recent executive compensation and fringe benefit changes

The TCJA significantly affected the tax treatment of executive compensation and employee fringe benefits, amending deduction limitations in Sec. 240 and Sec. 162(m) and enacting a new excise tax under Sec. 4960 on excessive tax-exempt organization executive compensation.

CARES Act changes to retirement plans

A distribution that meets the definition of a coronavirus-related distribution carries several advantages and tax planning opportunities.

Qualified transportation fringe disallowance

The article discusses the June 2020 proposed regulations and how they compare to the prior guidance in Notice 2018-99.

Tax Insider Articles

Tax Clinic

Employee retention credit: Navigating the suspension test

Key proposed provisions of ‘SECURE 2.0’

US clients with international tax issues: Five helpful tips

Capital loss rules limit deduction of fees paid to terminate merger agreement

Rolling over shares upon S corporation’s acquisition

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