For many people with large estates, planning ahead and gifting to family members can save a bundle in taxes. This ultimately means your heirs may get more and Uncle Sam may get...
The Basics of Gift Taxes
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Charitable-Giving Tax Breaks Related to Your Vacation Home
Owning a vacation home can provide a fun, relaxing getaway for you and perhaps family and friends. It may also provide certain tax benefits, such as deductions for mortgage...
Trump Accounts Go Live and the IRS Provides Tax-Reporting Relief
Parents, grandparents and others can now contribute to Internal Revenue Code Section 530A accounts — also known as "Trump Accounts" — to benefit eligible children. This new type...
Federal Tax News for Businesses
Transfer Pricing Compliance Is Critical The IRS and other federal agencies have proposed new rules that could expand employers' ability to provide fertility benefits to employees...
Managing Fuel Costs on the Road This Summer
Planning a summer road trip can be exciting — until you start thinking about fuel costs. Whether you're driving your own vehicle or renting one, even small decisions can...
Records Retention: What to Keep, What to Toss and Why It Matters
With tax season in the rearview mirror, many individuals and business owners wonder how long they should hold on to tax-related records — and what can safely be discarded....
Avoiding the 10% Penalty On Early IRA Withdrawals
For one reason or another, you may need to take some money out of an IRA before reaching retirement. You can withdraw money from an IRA at any time and for any reason, but it's...
Will You Be Able To Communicate During a Crisis?
If disaster struck your company tomorrow, would you know how to quickly reach employees and their families? Would you be able to talk to them quickly and efficiently? If the...
Are You Ready for the New Roth Catch-Up Contribution Rules?
Catch-up contributions have long been a way for taxpayers to put more dollars into their retirement accounts as they get older. But the Setting Every Community Up for Retirement...
New 1099 Rules May Bring Relief to Some Businesses
The One Big Beautiful Bill Act (OBBBA) has garnered headlines for extending dozens of tax provisions and creating new tax-saving opportunities for individuals and businesses. But...