Investors must be careful to properly time purchases and sales of mutual fund shares to avoid unfavorable income recognition ...

Considerations in accounting for income taxes can include choice of method and classification of assets and liabilities.

Financial concerns of expatriating taxpayers include not only US taxes but also the relevant laws of the destination country.

Advisers can help clients take advantage of the higher deduction limit for state and local taxes while managing its income ...

Strategies for optimal intergenerational wealth transfer may require reconsideration, given the continuation of a higher ...

State conformity or decoupling from Sec. 174 and new Sec. 174A, enacted by the law known as the One Big Beautiful Bill Act, complicates the treatment of research and experimental expenditures.

Families with significant estate tax exposure may consider intergenerational split-dollar (IGSD) arrangements, where the ...

This update surveys recent federal tax developments involving individuals, including court cases, rulings, and guidance ...

Critical issues include marking returns as final, determining due dates for final returns, filing Form 966, closing IRS accounts, and handling audits of dissolved entities.

A marijuana dispensary’s expenses not deductible under Sec. 280E are not taken into account in calculating its reasonable collection potential.

The IRS may apply the step-transaction doctrine, a rule of substance over form, in a variety of taxpayer circumstances to deny tax benefits derived from a series of transactions that should more ...

Planning with revocable trusts has become increasingly popular in recent years. In many instances, the motives for using a revocable trust are nontax and include avoiding probate, asset protection ...