When disaster strikes a condominium or planned community, owners often pay for common-area repairs — but don’t always get the ...

Once rarely imposed, transfer pricing penalties are now a routine feature of IRS examinations, making the quality of transfer ...

A critical milestone in the qualified opportunity zone program looms, and understanding how to calculate the required ...

The OBBBA sought to clarify AGI‑based charitable contribution deduction limits but instead added uncertainty over how those ...

With major fuel tax provisions expiring, the upcoming change to electronic payments, refunds for federal excise taxes, and ...

Artificial intelligence may incrementally become a product’s component until it crosses a threshold into being a digital ...

Proposed regulations issued Monday would raise the cost of the letter to $76, from the $56 set in 2025. High‑net‑worth families can preserve wealth across generations by pairing intentionally ...

First, ordinary income and such undistributed income of the trust for prior years; Second, capital gain (including unrecaptured Sec. 1250 gain and gain on collectibles taxed at 28%) and such ...

This annual update summarizes key changes advisers need to be aware of to ensure their clients’ estate plans remain effective and in line with their intentions. It covers developments in the estate ...

The basic rule for when a partner recognizes gain as a result of a distribution is found in Sec. 731(a)(1), which applies to both current distributions (from current income and activities) and ...

Individuals are subject to two income tax systems: the regular income tax and the alternative minimum tax (AMT). Taxpayers must compute their tax under each system and pay the greater of the two ...

The IRS may apply the step-transaction doctrine, a rule of substance over form, in a variety of taxpayer circumstances to deny tax benefits derived from a series of transactions that should more ...