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Once upon a time, employees could claim home office expenses as a miscellaneous itemized deduction, subject to a 2%-of-adjusted-gross-income floor, if the arrangement was for...
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...
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...
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...
The One Big Beautiful Bill Act (OBBBA) includes a number of tax law changes that affect employers. Here are 10 key provisions employers need to understand to ensure compliance...
If you're selling a business, the buyer may want to pay part of the price through an earnout provision. This is a contractual arrangement in which the seller receives additional...
Where you live can have a major impact on your tax bill. If you're retiring or able to work remotely, you might be thinking about relocating, and taxes can be a major factor in...
Tax credits are the most valuable tax breaks available. Each dollar of credit equals a dollar of tax savings. By comparison, if you're in the 32% federal income tax bracket, each...
In the complex world of federal taxes, myths and misconceptions can lead to costly mistakes and missed opportunities — especially for business owners and high-net-worth...
The IRS has just released final regulations on required minimum distributions (RMDs) from qualified plans and traditional IRAs. The much-anticipated final regs provide guidance...