Tax Strategies

Practitioners have always shared advice as part of tax prep, but the future of the field is in proactive, intentional tax advisory services.

Financial advisors, tax professionals and their customers can recoup 30% of the cost through credits for qualified upgrades to their residences.

Businesses eager to see Congress revive expired research and investment tax breaks have reason for optimism that a deal could come together as soon as this month.

What do these changes mean for taxpayers and how can accountants help manage the impact?

Through international cooperation and greater transparency, the OECD's Inclusive Framework suggests countries can develop more effective rules to minimize tax avoidance.

The Internal Revenue Service's Exempt Organizations and Government Entities unit has published two new technical guides aimed at nonprofits.

ART programs provide a number of benefits, including more control over premiums and a more stable renewal process. However, the tax consequences require a thorough vetting.

In a recent case, the Tax Court addressed the issue of when limited partners may be subject to self-employment tax.

Plus, Expensify adds budgeting capabilities; Corvee to hold AI bootcamp; and other news from the accounting tech world.

Financial advisors and tax professionals serving self-employed and other entrepreneurial clients start with a choice between two methods, then make careful calculations.