estate planning Archives

Financial Planning

Tax Considerations for Real Estate Investors: A Tax Consultant’s Guide

Real estate investments offer significant tax benefits. However, they are also subject to complex regulations and potential pitfalls. Guiding real estate investors requires tax consultants to understand tax law, investme... Joshua Scott, EA

Winter 2024, Financial Planning, s corporation, c corporation, investment, depreciation, LLC, real estate, modified accelerated cost recovery system, MACRS, §1031, estate planning, limited liability company, sole proprietor, cost segregation, §168, partner, passive activity loss, PAL, exchanges, low-income housing tax credit, LIHTC, affordable housing

Ethical Issues to Consider in Recent Tax News

Tax News Briefs

Ethical Issues to Consider in Recent Tax News

More Options to Correct Returns Electronically The Internal Revenue Service (IRS) has announced that more forms can now be amended electronically. These include people filing corrections to the Form 1040-N... TheTaxBook

Sept/Oct 2022, Tax News Briefs, ethics, estate, Schedule C, Form 1040, §162, Form 1040-NR, estate planning, business expense, IRC §162(a), §262, Form 1040-SS, Form 1040-PR, Form 1040-SR, Form 1040-X, §10.21, portability, spouse, DSUE, decedent’s spousal unused exclusion, decedent, Revenue Procedure 2022-32, Revenue Procedure 2022-1, Form 706, §6511(a), §10.37(a), §6694(a)(2), §6694(b)(2)

Factors to Consider When Estate Planning with Cryptocurrency

Feature Article

Factors to Consider When Estate Planning with Cryptocurrency

The storm is here. The world is now fully entrenched in the cryptocurrency phenomenon and there is likely no turning back. Instead, tax and estate planning professionals must make sense of the cryptocurrency mania. Taxing authorities are g... Simon Mayali and Travis Thompson

May/June 2022, Feature Article, cryptocurrency, bitcoin, blockchain, fair market value, estate planning, staking, Jarrett v. United States, Notice 2014-21, Form 14457, revocable trusts