© 2023 Private foundations can be highly effective for people who want to leave a charitable legacy, but they’re expensive to set up and operate. Donor-advised funds are popular alternatives, but...
© 2023 Tax credits are far more valuable than tax deductions. Unlike a deduction, which reduces a business’s taxable income, a credit reduces the business’s tax liability dollar for dollar. Tax...
© 2023 Life insurance can provide peace of mind, but if your estate will be large enough that estate taxes will be a concern, it’s important to not own the policy...
© 2023 When a parent enters a nursing home, taxes are probably the last thing on anyone’s mind. But it’s important to know that several tax breaks may be available to...
© 2023 Businesses may be familiar with the rule that permits them to deduct employee bonuses this year if they pay them to employees within 2½ months after the end of...
View the 2023-24 Tax Planning Web Guide Navigating the ever-evolving landscape of tax law is essential for maximizing available benefits. To take advantage of all available breaks, you must first be...
(authored by RSM US LLP) This roundup of developments in the tax accounting methods and periods realm covers rulings and advice regarding cost recovery and losses....
(authored by RSM US LLP) Pass-through entity elections are creating tax planning complexity. This article explains what you need to know and what you should do next....