Why You May Want to Rethink Your Deduction Strategy in 2025
As we approach the end of 2025, it's time to evaluate your year-end tax planning strategies. One...
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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...