The period between Thanksgiving and New Year’s Day generally is a critical fundraising season. Don’t let fraud undermine your hard work and eat into your nonprofit’s revenues. Here’s what you need to know.
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You want to unlock the best possible tax results when exercising employer-issued nonqualified stock options.
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The tax-advantaged retirement plan contribution amounts will increase less next year than in previous years due to easing inflation. However, many will still go up slightly. Find out how much you can contribute to 401(k)s, SEP plans, IRAs and more.
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For many key employees, the use of a company car is a cherished perk. But before you hand over the keys, make sure you understand the federal tax rules.
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Before you know it, 2024 will be here. But until then, there may still be time to reduce your 2023 federal tax liability by taking these steps.
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It’s not always easy to calculate a nonprofit’s risk of falling afoul of the commerciality doctrine. We explain the threat and some risky practices and activities.
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Reduce your taxable estate by making annual gift tax exclusion gifts.
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If you need cash, you may want to tap your traditional IRA. But if you’re not yet 59½, you may have to pay a penalty tax if you do. Here are 11 exceptions to the penalty.
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Removing a trustee can be difficult. However, there are ways to make it easier without giving too much power to the beneficiaries.
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Concerned about your 2023 tax liability? Consider these year-end tax planning strategies.
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Ever heard of a cost segregation study? It’s a strategy that can yield tax benefits, but it’s not the right move for every business. Here’s how it can help accelerate depreciation deductions on the building that houses your enterprise.
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When planning your estate, pairing a pour-over will with a living trust can act as a backstop for certain wayward assets.
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Do you own assets jointly with your child or other heir? Learn the pitfalls associated with this estate planning strategy.
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The IRS has created a path that businesses can use to withdraw unprocessed ERTC claims if they determine the claims are invalid.
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The IRS recently announced the special “per diem” rates that became effective Oct. 1, 2023. Here are the basics of these rates.
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Does your employer offer a 401(k) plan, but you haven’t started participating? Here are the basic features of these plans to illustrate why you should strongly consider it.
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