Many investors in qualified opportunity zones face a large upcoming tax hit when their QOZ deferral ends. They should consider harvesting stock market losses in advance of it.

A foreign tax redetermination may require taxpayers under Large Business and International Division examination to notify the ...

With the basic exemption amount for estate, gift, and generation-skipping transfer taxes set to be cut in half after the end ...

The affiliated-group rules and other complications can require care in determining application of this excise tax on ...

The Fifth Circuit’s decision in Grigsby, 86 F.4th 602 (5th Cir. 2023), emphasizes the need for taxpayers to clearly define ...

States that adopted some version of the 1984 Chevron judicial deference standard may see their tax regulations challenged in ...

The Trump administration has rejected the OECD’s initiative to reform the taxation of multinational enterprises. Learn more ...

Businesses that own, lease, or charter aircraft should prepare for increased IRS scrutiny by closely reviewing their ...

Strategies can include accelerating income recognition or deferring deductions, certain tax elections, and optimal use of AMT ...

Comparison of the accounting and tax treatment of interest expense may reveal crucial differences and lead to best practices ...

Preventing unwanted tax consequences from compensatory partnership interests requires understanding Regs. Sec. 1.721-1(b)(2) ...

CPA personal financial planners’ ability to discern the story inherent in a client’s tax returns brings unique value to the ...