A SEP retirement plan is easy to establish and a powerful retroactive tax planning tool for business owners and the self-employed.
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If you own real estate in multiple states, consider using a revocable trust to make it easier for your beneficiaries.
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Nonprofit boards: big, small or somewhere in between? There’s no magic number, but here’s what you should consider.
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Gift-splitting can be a valuable estate planning tool, allowing spouses to maximize the amount of wealth they can transfer tax-free.
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While your nonprofit should monitor broader economic conditions to guard against potential external risks, don’t overlook these internal red flags that may signal deeper financial health concerns.
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Tax filing season is upon us, and you probably have questions. Here are answers to some FAQs to help.
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Reference this tax calendar to learn the 2026 deadlines for various tax-related forms and payments.
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Businesses: Don’t cast a shadow over tax filing season by missing this important deadline.
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If you think the use of data analytics is out of reach for your nonprofit, think again. Learn how your organization can benefit from a data-driven approach.
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Now is a good time to review your medical expenses for 2025 and see if you had enough so you can claim the medical expense deduction. But first you need to know what’s potentially deductible.
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The 2025 federal income tax return filing deadline for most partnerships, S corporations and LLCs is looming.
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Can you claim a personal casualty loss deduction on your 2025 income tax return?
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Want more time to focus on your nonprofit’s mission-critical tasks? Commit to better delegation. Here’s how.
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A Crummey trust provides a limited withdrawal right for beneficiaries, while periodic contributions qualify for the gift tax annual exclusion.
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For 2026, the standard deduction, most retirement contribution limits and the gift and estate tax exemption are increasing. Other important tax figures for individuals are also changing.
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Estate planning isn’t just about what happens to your assets after you die. It’s also about protecting yourself and your loved ones. This includes having a plan for making critical medical decisions in the event you’re unable to make them yourself.
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Many, but not all, tax-related figures for businesses and their owners will increase for 2026, impacting your tax planning.
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Termination of S corporation status generally will result in the loss of substantial tax benefits. But there are steps you can take to protect S status.
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Before deciding to own an asset jointly with your adult child, consider these pitfalls.
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The One Big Beautiful Bill Act introduced Section 530A accounts, also known as “Trump accounts.” The IRS has provided details in recent guidance.
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