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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Businesses: A new tax year means some new rules for W-1 and 1099 reporting.
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New tax law provisions for deducting charitable donations go into effect in 2026. Find out how you’ll be affected.
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In recent years, several states have adopted pay transparency laws. Even if your state hasn’t, pay transparency can help your nonprofit recruit and retain staffers. Here’s how to get the ball rolling.
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Want to reduce your 2025 taxes? Here are four ideas you may be able to implement in December.
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The benefits of using a living trust are many. Pairing it with a pour-over will can help wrangle any loose assets that you purposely (or inadvertently) didn’t transfer to the living trust.
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There is nothing wrong with giving staffers and volunteers holiday gifts or throwing a party for them. ‘Tis the season! Just follow IRS rules to minimize your tax exposure.
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Business owners: It’s not too late to reduce your 2025 taxes.
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Have you made your end-of-life arrangements and incorporated them into your overall estate plan?
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One long-held rule in the nonprofit sector says that fundraising events shouldn’t cost more than 30% of their net proceeds. Here’s how to limit expenses and make your gala as profitable as possible.
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Allocating time to year-end tax planning now can prove beneficial to your business come tax filing season next year.
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