David Winslow, CFP, managing director, Wealth Management, Choreo, discusses why building relationship-based advice platforms ...

John Sapp, CPA, vice president, brand ambassador, Drake Software, discusses how artificial intelligence (AI) can be a ...

This update surveys recent federal tax developments involving individuals, including court cases, rulings, and guidance issued during the six months ending October 2024.

During the normal course of business, a taxpayer may find itself the recipient or payer of a settlement or judgment as a result of litigation or arbitration. The federal tax implications of a ...

This article summarizes the options available to taxpayers to come into compliance with FBAR and information reporting obligations.

This article focuses on the key tax and reporting areas applicable to revocable trusts and the associated planning and pitfalls that arise at the grantor’s death.

Income tax charitable deductions for trusts and estates are governed by Sec. 642(c) — these rules are substantially different from the rules for charitable contribution deductions for individuals and ...

By knowing the factors courts consider in determining whether a taxpayer meets the requirements for the reasonable-cause exception, and how the courts have applied the factors, tax advisers can help ...

This article focuses on the potential criminal consequences that can arise when a business fails to collect or pay over withheld tax.

Editor: Albert B. Ellentuck, Esq. The death of a partner can have many federal income tax implications for the partnership, the partner’s heirs, the partner’s estate, and the partner’s final income ...

EXECUTIVE SUMMARY The Bankruptcy Abuse Prevention and Consumer Protection Act of 2005 clarified the rights of debtors and creditors to retirement assets in federal bankruptcy proceedings, but state ...

There are various types of PTO donation and leave-sharing programs, not all of which are disaster-related. The tax treatment to the donating employee differs based on the type of program.