Inflation Reduction Act: Energy-Related Tax Incentives Although its official name is the Inflation Reduction Act of 2022, the wide-ranging tax and spending measure that was signed… More on this story
Year-end gifts and the gift tax annual exclusion With the holidays and year-end approaching, you might be considering making gifts of stock or cash to family members and… More on this story
Know the tax implications before renting out your vacation home If you’re fortunate enough to own a vacation home, you may want to rent it out when you’re not using… More on this story
Carried Interest Rules: Final Section 1061 Regulations Are Now in Effect For investment businesses—including many private equity, venture capital, real estate, and hedge fund partnerships—new rules governing the taxation of “carried… More on this story
Offset nursing home costs with possible tax breaks If you have a parent entering a nursing home, taxes are probably the last thing on your mind. But you… More on this story
R&D Tax Incentives: Prepare for Rule Changes The ability to deduct research and development (R&D) costs as a current business expense, rather than treat them as a… More on this story
Large cash business transactions must be reported to the IRS If your business receives large amounts of cash or cash equivalents, you may be required to report these transactions to… More on this story
NIL Deals: The Do’s and Don’ts When it Comes to Taxes More and more college athletes are earning money from what is known as NIL deals. Ever since the NCAA officially… More on this story
Microcaptive Insurance Plans: Some Transactions Draw IRS Scrutiny Many businesses form wholly owned captive insurance companies for legitimate risk management purposes and to take advantage of potential tax… More on this story
When is employer-provided life insurance taxable? If your company benefits include group term life insurance paid by your employer, a portion of the premiums paid for… More on this story
