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This semiannual update surveys recent federal tax developments involving individuals. It summarizes notable cases, rulings, and guidance on a variety of topics issued during the six months ending April 2023. [...]

March 1, 2024 RELATED March 1, 2024 PTETs: Orchestrating ASC 740 compliance February 17, 2024 On Form 1099-K delays, Werfel says IRS must protect taxpayer rights February 8, 2024 Auto [...]

This update surveys recent federal tax developments involving individuals. It summarizes notable cases, rulings, and guidance on a variety of topics issued during the 12 months ending October 2022. The [...]

For practitioners such as myself who live in Texas or one of the eight other community property states, community property means complexity when married clients want to file separately and [...]

This semiannual update surveys recent federal tax developments involving individuals. It summarizes notable cases, rulings, and guidance on a variety of topics issued during the six months ending December 2021. [...]

This semiannual update surveys recent federal tax developments involving individuals. It summarizes notable cases, rulings, and guidance on a variety of topics issued during the six months ending June 2021 [...]

This article is a semiannual review of recent developments in the area of individual federal taxation. It covers cases, rulings, and guidance on a variety of topics issued during the [...]

This article is a semiannual review of recent developments in the area of individual federal taxation. It covers cases, rulings, and guidance on a variety of topics issued during the [...]

This article is a semiannual review of recent developments in the area of individual federal taxation. It covers cases, rulings, and guidance on a variety of topics. The items are [...]

Tax forms change every year. Some changes are more significant than others, some make tax return preparation and review simpler, and some make it harder. Everyone should remember the 2018 [...]

As clients look for last-minute tax-saving strategies in 2020, one area that should be considered involves the changes to the charitable giving rules made by the Coronavirus Aid, Relief, and [...]

The article discusses about the tax benefits in the U.S. under the section 1202 introduced into the Code in 1993. Topics discussed include eligible corporation engaged in a qualified trade under the section, initial public offerings and private-equity acquisitions and direct guidance from the U.S. Internal Revenue Service (IRS) related to section 1202 definitions of terms such as services and consulting.

The article focuses on Section 1400Z-2 of Tax Cuts and Jobs Act offers three ways for a taxpayer to benefit financially from investing directly or via a passthrough entity in a qualified opportunity zone (QOZ). It mentions tax advantage Sec. 1400Z-2 provides is two increases in the basis of the investment for taxpayers that hold their QOZ investment for the required periods. It also mentions 1400Z-2 provides is deferral for any gain from a sale or exchange treated as a capital gain.

The article focuses on changes to the charitable giving rules made by the Coronavirus Aid, Relief, and Economic Security (CARES) Act and taxpayers who do not itemize can benefit in 2020 from a charitable deduction. It mentions direct income tax savings in 2020 for making qualified charitable distributions, reducing the value of the individual retirement account (IRA) through charitable gifting. It also mentions U.S. Tax Cuts and Jobs Act which limits the charitable deduction.