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Tax planning

New Tax Law Includes Major Changes for Homeowners

Several provisions of the One, Big, Beautiful Bill Act (OBBBA), signed into law on July 4, will...

7 Tax Breaks for Business Buildings

Businesses are returning to their regular work premises in droves. About 65% of U.S. businesses...

Tips to Minimize the Kiddie Tax

The "kiddie tax" prevents parents from shifting income-producing assets to children to take...

R&E Capitalization Has Unintended Effect on Small Businesses

The Tax Cuts and Jobs Act (TCJA) brought a significant, albeit delayed, change to the tax treatment...

IRS Targets Certain Conservation Easements

Conservation easements can be an effective way for wealthy taxpayers to achieve their philanthropic...

Possible Expiration of Key TCJA Provisions Could Affect Individual Taxpayers

The Tax Cuts and Jobs Act (TCJA) made sweeping changes to the federal tax rules for individual...

It’s Time to Think about Today’s Favorable Gift and Estate Tax Rules

The Tax Cuts and Jobs Act (TCJA) dramatically increased the unified federal gift and estate tax...

Seniors: You Might Not Want to Sell that Highly Appreciated Home

In recent years, the residential real estate markets in many areas have surged. That means there...

Business Owners: Failure to Substantiate Donations Can Be Costly

Charitable donations can provide businesses with significant tax savings. But for gifts over a...

Computing Tax Basis Counts when Selling a Highly Appreciated Home

Residential real estate prices in many markets have surged over the last few years. As a homeowner,...