FLP on trial: Tax Court denies valuation discounts

A family limited partnership (FLP) can be a powerful tool for consolidating and managing family wealth while reducing ...
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Highlights of 2026 fringe benefit COLAs for employers

The IRS annually updates a range of employer-provided fringe benefit limits to keep pace with inflation. These cost-of-living ...
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Employee or independent contractor? Why the answer matters

Using independent contractors can save nonprofits money. There’s no long-term commitment, and contractors pay self-employment tax rather than ...
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3 critical questions to ask when acquiring construction equipment

Acquiring equipment is a major strategic decision for small to midsize construction businesses. It affects everything from bid ...
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2026 ACA affordability rules: Key updates for employers

The word “affordability” is getting a lot of play in the news and elsewhere these days. But if ...
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Pairing a living trust with a pour-over will can help cover all your assets

A living trust is one of the most versatile estate planning tools available. It offers a streamlined way ...
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Have you used up your 2025 FSA funds?

If you have a flexible spending account (FSA) through your employer to help pay for health or dependent ...
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Manufacturers: Act now to claim the Sec. 179D deduction for energy-efficient building improvements

The One Big Beautiful Bill Act (OBBBA) repeals or reduces many clean energy tax incentives, including the Section 179D ...
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Ease the burden on your family immediately after your death by planning now

Planning for the end of life is never easy, but including your funeral and memorial wishes in your ...
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Fundraisers should be fun, but they also must be profitable

If you’re planning a major fundraiser such as a dinner gala, you may be focused on the fun ...
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New itemized deduction limitation will affect high-income individuals next year

Beginning in 2026, taxpayers in the top federal income tax bracket will see their itemized deductions reduced. If ...
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Employers: Watch out for 401(k) plan fraud

A 401(k) plan is among the most valuable benefits an employer can offer — and one of the ...
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