How to Deduct Business Losses: Prove Material Participation
You can only deduct losses from an S corporation, partnership or LLC if you “materially...
The “kiddie tax”: A trap for the unwary
It’s common for parents, grandparents and others to make gifts to minors and college students....
Follow all rules when transferring assets to an irrevocable trust
Irrevocable trusts can provide a variety of benefits, including gift and estate tax savings,...
Life after the passing of the Bi-Partisan Budget Act of 2015
Over the past two years, the U.S. Social Security Administration has been making changes from...
HSA + HDHP = Your ideal benefits strategy?
Health Savings Accounts (HSAs) were created as a tax-favored framework to provide health care...
Getting the grant: How nonprofits can write a winning proposal
Sloppy grant proposals are rarely successful, but they’re even less likely to yield results these...
There’s still time for homeowners to save with green tax credits
The income tax credit for certain energy-efficient home improvements and equipment purchases was...
Will your business have a net operating loss? Make the most of it
When the deductible expenses of a business exceed its income, a net operating loss (NOL) generally...
The basics of pushdown accounting
Both public and private companies can elect to use “pushdown” accounting when there’s a merger,...
Can you make a Charitable Contribution with your IRA?
Can you make a charitable contribution with your IRA? The answer to this question is YES if you are...