Is a self-directed IRA right for you?

Looking beyond stocks and mutual funds for your retirement savings? A self-directed traditional or Roth IRA offers more flexibility by allowing investments in assets such as real estate, closely held stock and certain precious metals. But that flexibility comes with increased risk, including complex tax rules. Prohibited transactions involving you, certain family members or other […]

Tax liens are on the rise

IRS tax liens are on the rise. The agency filed more than 214,000 federal tax lien notices in fiscal year 2025, up about 9% from the prior year and 36% from 2022. This increase reflects a return to more typical collection activity after pandemic-era enforcement slowdowns. A federal tax lien is the government’s legal claim […]

Is your Scholarship taxable?

Scholarship awards can provide significant financial relief to families of college-bound students. Most, but not all, of the awards are tax-free. To qualify for tax-free status, scholarships must meet three criteria: 1) The student must be a degree candidate at an eligible educational institution, 2) the award must be used to pay for tuition and […]

A quick education on 529 plans

New Tax Credit for Property Developers

Property developers who aren’t already aware of the New Markets Tax Credit (NMTC) program should take a look. Designed to encourage development in lower-income communities, the program was made permanent in 2025 by the One Big Beautiful Bill Act. Congress has authorized $5 billion annually for qualified equity investments in Community Development Entities (CDEs). Investors […]

Think Your Business Has No Valuable Assets? Think Again

Does your business hold intangible assets? Intangibles are nonphysical, long-term resources that can add significant value to a business. Examples include copyrights, licenses and customer lists. The tax implications can be complex. IRS regulations require the capitalization of costs to 1) acquire or create intangibles; 2) create or enhance a separate, distinct intangible; 3) create […]

Sales Tax Holidays by State

Sales Tax Holidays by State, 2026 | Sales Tax Free Weekends https://bit.ly/4pGaIw6

Legal Settlement? Don’t Overlook the Tax Consequences

If you’ve recently received a legal settlement or award, it’s critical to understand the tax implications. Generally, compensation for physical injuries or sickness is tax-free. But awards for lost wages, emotional distress and punitive damages typically are taxable. Attorneys’ fees are another area that can trip up recipients. Even if your lawyer is paid directly […]

IRS Flags Certain CRAT Strategies as Listed Transactions

The IRS has issued final regulations identifying certain charitable remainder annuity trust (CRAT) arrangements as “listed transactions” — potential tax-avoidance schemes that carry heightened reporting requirements. The regs target improper use of a CRAT to sell appreciated property and purchase a single premium immediate annuity (SPIA) with the net proceeds to avoid recognizing ordinary income […]

IRS issues guidance on QOZ program changes

The Qualified Opportunity Zone (QOZ) program provides tax incentives to invest in designated low-income communities across the United States. Tax law changes enacted last year made the program permanent and altered it, with implications for investors under both the original and renewed programs. With proposed, and eventually final, regulations on the way, the IRS has […]