Clint Costa CPA, J.D., LL.M., Senior Wealth Strategist, Choreo, LLC, discusses three tax insights that CPAs may encounter ...

During the period covered by this update, the IRS issued both final and proposed regulations regarding required minimum distributions (RMDs) from certain qualified retirement accounts. Excise tax for ...

Undocumented immigrants venture to the United States from all parts of the world and endure enormous challenges in their new life, ranging from cultural ones to those that are language–oriented in ...

The Tax Court held that an Alabama county sheriff’s 2015 withdrawal of a large sum of money from an account containing funds for feeding the inmates of the county jail was an unauthorized loan that ...

Editor: Mo Bell-Jacobs, J.D. In the automotive remanufacturing sector, “cores” are a vital part of the vehicle industry. Cores are previously used, original manufactured parts such as batteries, brake ...

Editor: Mo Bell-Jacobs, J.D. Planning for NRND individuals with real estate is complex and requires a detailed review of applicable U.S. and state tax rules, treaties, and filing requirements to ...

A qualified Subchapter S subsidiary (QSub) is a subsidiary corporation 100% owned by an S corporation that has made a valid QSub election for that subsidiary. In addition to being 100% owned by an S ...

This update surveys recent federal tax developments involving individuals, including court cases, rulings, and guidance issued during the six months ending October 2024. Certain tax rules and ...

Editor: Mo Bell-Jacobs, J.D. The IRS has issued extensive guidance on treating payments to employees and other service providers as compensation, including how to report such compensation and the ...

Editor: Mo Bell-Jacobs, J.D. This year marks the 50th anniversary of the earned income tax credit (EITC). The legislation establishing this tax credit was first signed into law by President Gerald ...

Editor: Mo Bell-Jacobs, J.D. Federal income tax credits have been used to incentivize investment in clean–energy projects for decades. The Sec. 48 energy credit is a component of the Sec. 46 ...