Business owners have several options when planning for succession. Here are five to consider, along with the tax implications.
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If you’ve been a victim of a federally declared disaster in past years, you may be eligible for benefits under the Federal Disaster Tax Relief Act.
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If you invest in the stock market, you’ve probably owned some losing shares. Here are the rules for claiming losses on your tax return for depreciated or worthless stock.
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The confusion surrounding the Corporate Transparency Act’s beneficial ownership information (BOI) reporting requirements continues in 2025.
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Filing a gift tax return, even when not required, can provide peace of mind.
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If you’re commuting to work and your employer offers tax-free transportation fringe benefits, you need to read this.
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When starting a new business, you have several entity options to consider. One option is an S corporation. Here are some of its advantages.
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To itemize deductions or not to itemize deductions? Here’s how the decision is made.
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Small business owners who work from home may be able to reduce their tax bills with home office deductions. Are you eligible?
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Life insurance remains a powerful estate planning tool for providing for your loved ones in the event of your untimely death. Now is the time to reevaluate your policy.
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How well does your nonprofit’s cybersecurity program protect you from hacking? Penetration (pen) testing helps find vulnerabilities so you can, if necessary, strengthen your defenses.
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The best way to grow your nest egg is to save for retirement today. There’s still time if you’re eligible and you didn’t contribute the maximum amount allowed in 2024 to a traditional IRA or SEP.
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The tax rules for business losses from partnerships, S corporations and LLCs can be complex. Here’s what you need to know when filing your tax return.
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Consider the pros and cons when determining if a revocable trust is right for your estate plan.
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Donors 60 years and older may make the greatest charitable impact right now, but younger generations will soon catch up. Be sure to engage Gen X, Millennials and even Gen Z. They’re your future!
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The Child Tax Credit is a critical resource for millions of families. But under current law, many taxpayers will see the credit cut in half in 2026 if Congress doesn’t act this year.
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What tax proposals could be in play during President Trump’s first 100 days in office?
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A donor-advised fund and your estate plan can interact in several ways, primarily in terms of charitable giving, tax benefits and wealth transfer strategies.
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You never know when a critical grant or promised donation will fall through. But if your nonprofit has adequate operating reserves, it’ll be better positioned to weather financial shocks.
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Is retirement on the horizon? Plan ahead for the tangle of tax implications you may face.
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