Financial News

Disproportionate distributions in S corporations can trigger unintended tax consequences and even loss of S status. Learn where the risks arise and how strategic planning can preserve compliance [...]

Revocable living trusts are widely used and widely misunderstood. This article explains what revocable trusts actually do, what they don’t do, and why proper design, funding, and coordination [...]

Learn how unusual grants can affect public charity status, the public support test, Form 990 reporting, and when an IRS ruling may be worth considering.

Most people use their HSA like a medical debit card, but the account is capable of much more. With a rare triple tax advantage and flexible reimbursement rules, the HSA can serve as a powerful [...]

AI is making tax scams more convincing and harder to detect, using deepfakes, voice cloning, and personalized messages to exploit busy teams during tax season.

The IRS Individual Online Account gives taxpayers secure, year-round access to tax records, balances, payments, and official notices all in one place. Read on to discover how this powerful tool [...]

Estate planning discussions often focus on the federal estate tax exemption, but most families face different challenges when transferring wealth. Probate fees, state-level taxes, capital gains [...]

Notice 2025-72 issues guidance on foreign tax rules tied to the one-month deferral repeal and updates the section 987 amortization election.

A new federal requirement will eliminate most paper checks for tax payments and refunds starting with 2025 returns. Here’s what this transition to electronic payments means, how refunds will be [...]

The revised instructions address changes to the treatment of §174A domestic research expenditures and align with prior IRS guidance and clarifications on reporting requirements.