This powerful vehicle for excluding gain on qualified small business stock gains even more traction under new legislation.

H.R. 1, P.L. 119-21, the law commonly known as the One Big Beautiful Bill Act (OBBBA), contains provisions of special ...

Proposed regulations would provide permanent relief from certain reporting requirements related to sales or exchanges of ...

U.S. persons abroad and foreign persons living in or with connections to the United States may have responsibilities for ...

For the right client, these plans can build substantial retirement wealth quickly while offering tax advantages.

Only deductible W-2 wages are included in calculating a taxpayer’s Sec. 199A qualified business income deduction.

The Tax Court held that taxpayers were not entitled to a Sec. 30D credit in 2019 for a qualified plug – in electric drive vehicle that they purchased and began to use in 2013.

Dear IRS, no penalties please! Taxpayers claim that penalties are not warranted for many reasons, but what works? One of the biggest yet most misunderstood is the defense that a tax position was based ...

In a letter to Treasury and the IRS, the AICPA seeks changes to tax reporting requirements for partnerships and S corporations. The IRS released initial details on Trump accounts, a new type of IRA ...

The notice provides an optional interim simplified method of determining whether a corporation is an applicable corporation for purposes of the corporate AMT and relief from the Sec. 6655 penalty for ...

In a letter to Treasury and the IRS, the AICPA seeks changes to tax reporting requirements for partnerships and S corporations. In Soroban Capital Partners, the Tax Court analyzed the roles, ...

In a letter to Treasury and the IRS, the AICPA seeks changes to tax reporting requirements for partnerships and S corporations. In Soroban Capital Partners, the Tax Court analyzed the roles, ...