Confused about which nutrition, wellness, and general health expenses may be considered medical expenses? The IRS has published a series of FAQs to help clarify this. In this article, we...
Trusts are an essential tool for estate planning, but their tax implications can be confusing. Understand the differences between revocable and irrevocable trusts, grantor and non-grantor trusts, and simple and...
M&A considerations resulting from the new required tax treatment of R&D costs...
The IRS announced a new filing exception for the 2022 tax year that allows domestic partnerships and S corporations to skip the completion and filing of Schedules K-2 and K-3...
IRAs are subject to the unrelated business income tax...
The tax treatment of business interest expense is governed by Section 163(j) which places limits on the amount of interest businesses can deduct on their tax returns based on their...
The banking industry is facing a number of significant changes in the coming year, with several important regulatory themes emerging. The Office of the Comptroller of the Currency, Federal Deposit...
If you earn income as a freelancer, independent contractor, or from a side gig, you'll likely do so as a sole proprietor or single-member LLC and report your income on...