Tax Strategies

These policies create an excellent source for the payment of estate and other transfer taxes, as well as the augmentation of family income and wealth after the death of the senior generation.

The service has revised Form 1024 to permit electronic filing and is beginning to require applications for tax-exempt status to be e-filed.

With the Build Back Better bill at least temporarily stalled, where does that leave research tax credits, cost segregation and energy incentives?

The Internal Revenue Service will now provide publicly available information on tax-exempt organizations only through its TEOS search engine starting Dec. 31, 2021, and no longer through Amazon Web Services.

Uncertainty in Washington doesn't mean tax professionals can't offer clients guidance.

Handicapping which tax credits and other provisions will stay in the Build Back Better package.

The ability to deduct the full value of the stock and avoid capital gains taxes is lesser-known by rich investors and many advisors.

A survey from Intuit Accountants indicates that tax-related planning and advisory services bring in much more than compliance services.

Advocates say they'll continue pushing for the write-off, but it is not widely popular.

'Planning has been put on hold, because no one knows what the rules of the game are,' says one accounting firm partner.