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

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

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

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

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

Editor: Mary Van Leuven, J.D., LL.M. The IRS’s enforcement of transfer pricing penalties has undergone a marked transformation in recent years. Historically, the assertion and sustenance of penalties ...

A variety of capitalization strategies can increase deductible interest expense now that depreciation, amortization, and depletion are again added back to adjusted taxable income in calculating the ...

During a session at the AICPA National Tax Conference, the national taxpayer advocate said the IRS will start applying first-time abatements automatically next year. Limitations on transactions ...

In Soroban Capital Partners, the Tax Court analyzed the roles, responsibilities, and capital contributions of three limited partners in a limited partnership and determined that they were limited ...

The guidance sets forth conditions for contributions to qualify for the annual gift tax exclusion and for donors to avoid filing gift tax returns. Use of a grantor retained annuity trust or grantor ...

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 ...

On occasion, taxpayers holding investments in foreign financial assets or with foreign financial institutions may find themselves in the uncomfortable position of realizing that they have failed to ...