Tax Strategies

Ever since the passage of the Tax Cuts and Jobs Act, the headlines have been buzzing about the resulting income tax consequences for individuals and businesses, but what about the intersection with estate planning?

With the passage of the sweeping tax overhaul, small businesses and entrepreneurs are scrambling to understand how the changes will affect them.

Changes to the treatment of alimony will have a big impact.

If exploiting a tax loophole is as much an art as a science, then the tax planning profession is poised for a creative renaissance.

The Minnesota Society of CPAs recently surveyed its members about the most outrageous tax deductions clients tried to claim on their tax returns. The list shows taxpayers often don't know which deductions are allowed or not.

With the new tax law now a reality, the upcoming tax season is the perfect time to showcase your value as a true trusted advisor to your clients.

The Justice Department said Thursday it has entered into a settlement with Z Street, a nonprofit that educates the public about Israel and Middle East issues, after the group sued the Internal Revenue Service for holding up its application for tax-exempt status and subjecting it to extra scrutiny.

Every company seeks effective ways to reduce their overall tax liabilities.

The widow of a country music producer who continued to operate, at a loss, an establishment to encourage songwriters was not able to deduct her losses in excess of her income from the activity.

Bonus depreciation, Section 179, interest and loss limitations—what does it all mean?