Investors must be careful to properly time purchases and sales of mutual fund shares to avoid unfavorable income recognition from distributions.

This first column in a “When the Numbers Don’t Add Up” series explores what it means to lead from inside the pressure cooker.

Considerations in accounting for income taxes can include choice of method and classification of assets and liabilities.

This update surveys recent federal tax developments involving individuals, including court cases, rulings, and guidance issued during the six months ending October 2025.

Critical issues include marking returns as final, determining due dates for final returns, filing Form 966, closing IRS accounts, and handling audits of dissolved entities.

Strategies for optimal intergenerational wealth transfer may require reconsideration, given the continuation of a higher basic exclusion amount by the law known as the One Big Beautiful Bill Act.

Families with significant estate tax exposure may consider intergenerational split-dollar (IGSD) arrangements, where the senior generation loans funds to a trust to purchase life insurance on children ...

Editor: Susan M. Grais, CPA, J.D., LL.M. The IRS found in Letter Ruling 202533005 that a community trust and a nonprofit corporation that is controlled by the trust and supports the trust’s charitable ...

In Zuch, Jennifer Zuch and Patrick Gennardo were married from 1993 to 2014. In September 2012, they delinquently filed separate returns for the 2010 tax year. Prior to filing these returns, in June ...

In December 2022, Treasury and the IRS stated that they intended to implement the Infrastructure Act amendments to the Code by issuing new regulations and providing forms and instructions for broker ...

Under Sec. 213(a), taxpayers may deduct expenses paid during the tax year for medical care, provided these expenses are not compensated by insurance or otherwise. The deduction is available for ...

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 ...