This update surveys recent federal tax developments involving individuals, including court cases, rulings, and guidance ...

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

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

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

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

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

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

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

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

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

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

A commitment to public accounting can bring personal growth and professional fulfillment and create opportunities to find ...