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Summer isnt too far away, and many parents are wondering if they can afford to send their kids away to summer camp this year. The ability to take a tax deduction for such expenses could make all the difference.
May 24
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Now that its springtime and the birds are chirping, its important for your tax clients to consider education-related expenses when applying for federal financial aid.
May 20 -
The Internal Revenue Service has released final regulations for disbursements from Roth individual retirement accounts, removing the allocation rule for disbursements from designated Roth accounts to multiple destinations.
May 18 -
Sen. Ron Wyden, D-Ore., the ranking Democrat on the Senate Finance Committee, released a legislative discussion draft Wednesday to lay the groundwork for tax reform in the area of financial derivatives.
May 18 -
Former billionaire Sam Wyly may have been hoping for a better outcome on his home turf as a Texas judge weighed tax-evasion claims related to the fraud trial he lost in New York two years ago. He didnt get it.
May 12 -
Our weekly roundup of tax-related investment strategies and news your clients may be thinking about.
May 8 -
The Internal Revenue Service has issued a notice and revenue procedure on requirements for investing in money market funds.
May 5 -
Many Individual Retirement Account holders die without having consumed the account balances; therefore, beneficiaries will be entitled to the balance.
May 5 -
A permanent exclusion for qualified SMB stock means big change
April 29 -
Investors have been taught by our elders since time immemorial to live by the adage, Buy low, sell high.
April 28 -
With the April 2016 tax filing season behind us, it is time to start focusing clients on new tax issues they will be facing for the current tax year.
April 26 -
The Internal Revenue Service has released final regulations providing guidance to private foundations on program-related investments.
April 25 -
Our weekly roundup of tax-related investment strategies and news your clients may be thinking about.
April 22 -
Last week the Tax Court, in a case of first impression, ruled that payments made by a decedent through a trust to pay premiums on life insurance policies obtained to fund buy-sell agreements should not be regarded as loans still owed to her estate.
April 22 -
Rep. Sander Levin, D-Mich., the ranking member of the tax-writing House Ways and Means Committee, and other House Democrats introduced legislation Wednesday to restore the estate tax and gift tax rate and exemption level to the same amounts as in 2009.
April 20 -
Our weekly roundup of tax-related investment strategies and news your clients may be thinking about.
April 18 -
Many CPAs are involved with estate planning and need to determine the assets and liabilities of a client.
April 15 -
Why would anyone spend $24 million to buy a 1 percent stake in the New York Yankees? Minority ownership seems like a lose-lose proposition: A lot of money for very little power. For wealthy sports fans, though, its cooland can be one heck of a tax shelter.
April 15 -
The tax benefits of home ownership, which generations of U.S. residents have counted on, have been elusive for typical buyers since mortgage rates started tumbling in 2008, according to an analysis by John Burns Real Estate Consulting LLC.
April 14
