Tax strategies

Patrick Drahi was running out of options to save his debt-ridden telecom empire. Then, his camp uncovered a new source of leverage: taxes.

If you have clients with college-age children earning money from their name, image and likeness, are they responsible enough to handle it and protect it?

With AI poised to take over basic tax prep, practitioners need to double down on the value they've always added, says AICPA chair Jan Lewis.

Here are 10 tactics for transforming your client's return from a compliance document to a planning and business development tool.

The number of tax practitioners using AI for research has nearly doubled in just a year, leading them to explore alternative billing models.

In divestitures, tax does more than optimize a chosen structure. Tax influences whether a deal perimeter, legal entity structure, diligence story and separation plan are workable.

Most buyers focus on price, but depreciation often matters more in certain asset classes.

The House-passed Taiwan tax bill, which has bipartisan support but languished in the Senate, could be a legislative priority where both parties could coalesce.

JPMorgan Chase & Co. Chief Executive Jamie Dimon criticized plans by New York's left-leaning mayor Zohran Mamdani to slap more taxes on the rich, arguing the move risks doing further damage to the city's status as a business hub.

Plus, Xero announces XeroForce custom AI agent builder; Emburse releases new AI purchasing agent; and other news and updates from the accounting tech world.

The industry framing of "what can AI do?" is mismatched with how AI is deployed today, and the conclusions can leave firms a tax season behind their peers.

The IRS provided more details about the settlements it's offering for a limited time in syndicated conservation easement and historic preservation claims.

The Top 100 Firm acquired a Miami-based firm that specializes in international tax consulting, estate and trust matters, and tax planning.

The Internal Revenue Service plans to offer settlements in syndicated conservation easement cases, but only for a limited time, as it unveils an updated website.

For retirement-age clients relocating to the Sun Belt, the savings they are counting on may not exist. Have a conversation before they sign the moving contract.