The IRS recently announced the launch of a new multistage regulatory initiative intended to close what it calls a "major tax loophole exploited by large, complex partnerships." The IRS's actions are prompted by its belief that some partnerships are using transactions with related parties to improperly slash their tax bills.
The Tax Cuts and Jobs Act (TCJA) included many important federal income tax provisions that affect...
In recent years, the residential real estate markets in many areas have surged. That means there...
Residential real estate prices in many markets have surged over the last few years. As a homeowner,...
Today, most states offer programs that allow you to establish a tax-favored account to cover the...
If you're financially successful or expect to become so, taxes are or will become one of your...
The rules for deducting depreciation expenses on vehicles used for business purposes have been...
The general business credit (GBC) may help certain small businesses cut their federal income tax...
The head of household (HOH) federal tax filing status is often misunderstood by taxpayers who might...
A couple's tax situation changes when they get married—for better or worse. Here are the most...