Education Planning

Indirect gift tax considerations for 2021

It is important to consider some of the less-obvious gifts when you are advising clients who are intent on using up their full $11.7 million basic exclusion amount before the end of the year.

Taxation of qualified tuition plan contributions and distributions

Taxpayers can avoid unplanned taxes and penalties by carefully following rules for contributions to and distributions from tax-favored education savings vehicles and making sure distributed funds are used for "qualified higher education expenses."

The impact of filing status on student loan repayment plans

This article discusses income-based plans and how married couples with student loan debt may minimize their current loan payments by filing separately instead of jointly.

Student loan debt: Tax and other considerations

This article examines the student loan burden in the United States, reviews programs designed to assist borrowers with repayment, and discusses debt forgiveness issues.

Tax Insider Articles

Tax Clinic

Marrying ESG initiatives to business tax planning

Early access to wages may require new employment tax analyses

Determining gross receipts under Sec. 165(g)(3)

Recent changes to the Sec. 179D energy-efficient commercial buildings deduction

IRS provides guidance on perfecting S elections and QSub elections

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.

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