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Under IRS rules, donors can both deduct the value of the gift and avoid any capital-gains tax on the investment.
February 16
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An accountant working at a Georgia-based wealth management firm pleaded guilty to embezzling $800,000 from an elderly client suffering from dementia.
February 15
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Rich investors with sizable business losses are caught in pandemic tax hell amid IRS delays.
February 15
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Harold Hamm executed one of the largest wealth transfers in U.S. history last week, handing each of his children a stake worth about $2.3 billion in Continental Resources Inc.
February 14
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R. David Yost and his soon-to-be-former son-in-law are slugging it out in court over allegations of tax evasion.
February 8
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Small-firm owners and partners are in the best position to advise their clients on the giving, holding and receiving of this wealth.
February 7
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Gift tax returns and the wealth transfer strategies they reflect don’t face the same IRS logjams as individual returns.
January 24
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Accountants go meta; muddy start to the season; the controller as preparer; and other highlights from our favorite tax bloggers.
January 11
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Understanding how gifted money will impact the student’s FASFA is critical.
January 11
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The National Taxpayer Advocate's annual report to Congress sounded alarm bells as millions gear up to file their federal returns.
January 11
