Investors must be careful to properly time purchases and sales of mutual fund shares to avoid unfavorable income recognition from distributions.

Considerations in accounting for income taxes can include choice of method and classification of assets and liabilities.

This first column in a “When the Numbers Don’t Add Up” series explores what it means to lead from inside the pressure cooker.

The IRS may apply the step-transaction doctrine, a rule of substance over form, in a variety of taxpayer circumstances to deny tax benefits derived from a series of transactions that should more ...

Every fall, students all over the country set off to attend various colleges and universities. With the rising cost of higher education, many of these students are looking forward to receiving some ...

Editor: Mo Bell-Jacobs, J.D. Planning for NRND individuals with real estate is complex and requires a detailed review of applicable U.S. and state tax rules, treaties, and filing requirements to ...

An advance of money by a member to a limited liability company (LLC) classified as a partnership may be in the form of a capital contribution or a loan. This distinction has significant tax ...

Editor: Greg A. Fairbanks, J.D., LL.M. It is not uncommon for the parties to a merger or acquisition agreement to terminate the transaction before it is consummated. In such an event, the party that ...

First, ordinary income and such undistributed income of the trust for prior years; Second, capital gain (including unrecaptured Sec. 1250 gain and gain on collectibles taxed at 28%) and such ...

A mismatch in determining whether a transfer is complete under the income tax regime on the one hand and the transfer tax regime on the other creates what could be considered an estate planning ...

Only certain types of trusts are permitted to hold an interest in an S corporation. Two of these are an electing small business trust, or ESBT, and a qualified Subchapter S trust, or QSST. An ESBT is ...

Sec. 1202 of the Internal Revenue Code provides a tremendous tax saving opportunity on the sale of C corporation stock for noncorporate taxpayers. Subject to an overall limitation, Sec. 1202 allows ...