Tax Strategies

Donald Trump said that he would revive the state and local tax deduction, a popular tax break for New Yorkers that the former president limited during his time in the White House.

Between the coming sunset of the Tax Cuts and Jobs Act, the presidential election and a host of other factors, this is shaping up to be a tough year for advising clients.

Taxpayers earning more are more likely to choose to itemize their deductions, while taxpayers earning less tend to favor the standard deduction.

Whoever wins, '2025 is going to be a very interesting tax legislative year.'

The OZ program allows investors to defer capital gains from sales of appreciated real estate, stocks, businesses, personal residences, collectibles and even crypto through 2026.

In a landmark decision earlier this year, the Supreme Court addressed the valuation of shares in closely held corporations for federal tax purposes.

In this installment of The Fundamentals, we asked firm leaders and tech experts the basics of selecting solutions for tax preparation.

This combination of trusts, credits and other tax strategies are great ways help wealthy clients protect their families and their businesses.

Transfer pricing, Pillar Two, GLAM and more are important considerations.

TIGTA recommended that the IRS review its procedures for examining for large complex taxpayers.