Tax Articles
Marrying Estate and Family Business Succession Planning
Posted by Cheryl A. Jankowski on February 22, 2024
Ensure your family's future by properly planning the succession of your closely held business. Separate ownership and management to secure the business’s legacy. Transfer assets early to minimize estate tax liability.
The Value of a Special Needs Trust
Posted by Amanda Wojtkowski on February 15, 2024
Special needs trusts (SNTs) benefit children or other family members with disabilities that require extended-term care or that prevent them from being able to support themselves.
Preparing for the 2023 Gift Tax Return Deadline
Posted by Cheryl A. Jankowski on February 13, 2024
Individuals unsure about their filing obligations or considering the voluntary submission of a 2023 gift tax return should seek guidance.
2023 Year-End Tax Planning Guide for Businesses - Real Estate
Posted by Brian Kern on February 07, 2024
As part of year-end planning and looking ahead to the coming year, real estate businesses should review how current tax rules apply to their transactions and the effects of any changes to those rules.
2023 Year-End Tax Planning Guide for Businesses - Partnerships
Posted by Kerry Roets on February 07, 2024
IRS developments, along with some reporting and regulatory changes, mean there are a number of tax areas partnerships should be looking into as they plan for the year end and the coming year. This guide explores those developments.
Nine Tax Considerations for New Business Proprietors
Posted by Alexander Intihar on February 06, 2024
If you're planning to launch your venture as a sole proprietorship, it's crucial to have a comprehensive understanding of the tax considerations involved.
Best Practices to Reassess your Beneficiary Designations
Posted by D’Marie Kleeman on February 01, 2024
Reassess your beneficiary designations to avoid pitfalls and make smart decisions about your estate plan.
Claiming Charitable Donations for 2023 Tax Year
Posted by Isabella Newman on January 30, 2024
If you donated to charity last year, you may be eligible for a tax deduction if you itemize deductions on your tax return. For donations of $250 or more, you need a written acknowledgment from the charity.
IRS Efforts to Address Questionable Employee Retention Tax Credit Claims
Posted by Megan Morris-Smith on January 29, 2024
IRS now allows individuals to voluntarily return a portion of the funds before any collection procedures are initiated.
Tax Reasons to Refuse an Inheritance
Posted by D’Marie Kleeman on January 25, 2024
At first glance an inheritance may be considered a windfall, but the tax aspects should be considered before accepting.