Distributions made from a retirement account are generally taxed as ordinary income, but net unrealized appreciation (NUA) is a special rule applicable for employer securities…
The One Big Beautiful Bill Act (P.L. 119-21) was signed into law on July 4, 2025, and § 70204 of OBBBA added new IRC §§…
Addressing Capital Gains
Investment Trends
In 2026, many investors may find themselves looking for solutions to address their capital gains. This could be the result of Qualified Opportunity Funds that…
An individual may elect to defer some of their wages into a retirement plan through their employer's plan [e.g., 401(k) plan]. That deferral could be…
An individual may elect to defer some of their wages into a retirement plan through their employer's plan [e.g., 401(k) plan]. That deferral could be…
Dividing financial assets during a divorce settlement is often a complicated situation. When it comes to splitting retirement assets specifically, the process tends to be…
Editor's Note: This article is the first in a new column, Personal Financial Planning, covering the role of CPAs in advising individuals and families on how…
In Brief Social Security remains a critical component of most Americans' financial and retirement plans. Despite its longevity and familiarity, many individuals are unaware of…
2025 Planning Should Begin Before the End of 2024
The Step Transaction Doctrine Can Undermine Last-Minute Plans
Planning for 2025 is becoming a hotter topic as the scheduled halving of the transfer tax exemption draws closer. But while many are focusing on…
Terminally ill individuals often desire to benefit the people and institutions they love by means of actionable and effective tax planning, even in the final…
2025 Planning Should Begin Before the End of 2024
The Step Transaction Doctrine Can Undermine Last-Minute Plans
Planning for 2025 is becoming a hotter topic as the scheduled halving of the transfer tax exemption draws closer. But while many are focusing on…
A common way for individuals to save for college is through the use of state-administered IRC section 529 plans or what the tax code refers…
Terminally ill individuals often desire to benefit the people and institutions they love by means of actionable and effective tax planning, even in the final…
In Brief Social Security remains a critical component of most Americans' financial and retirement plans. Despite its longevity and familiarity, many individuals are unaware of…
Tax season is always busy for preparers, but as part of the process, CPAs might identify planning considerations to address with clients after tax season…
Tax season is always busy for preparers, but as part of the process, CPAs might identify planning considerations to address with clients after tax season…
ICYMI | First Look at the Secure Act 2.0 of 2022
Practical and Legal Considerations
On December 23, 2022, Congress passed the Securing a Strong Retirement Act of 2022 (Secure 2.0) as part of the Consolidated Appropriations Act of 2023,…
Individuals who own interests in a closely held family business need to address an exit strategy. In many cases, such individuals wish to have a…
Examining the Highlights of the Secure Act 2.0
Further Enhancements to Americans’ Retirement Security
In Brief The recently enacted “version 2.0” of the Secure Act complements and enhances aspects of the original Secure Act passed in 2019. Like its…
Examining the Highlights of the Secure Act 2.0
Further Enhancements to Americans’ Retirement Security
In Brief The recently enacted “version 2.0” of the Secure Act complements and enhances aspects of the original Secure Act passed in 2019. Like its…
ICYMI | What to Consider When There is a Recent Dementia Diagnosis
A Conversation with an Elder Law Attorney
In Brief As the country's population ages, increasing numbers of people find themselves experiencing conditions of chronic illness. CPAs that serve such clients can tailor…
ICYMI | Biden Administration’s Green Book Proposes Dramatic Estate Planning Changes
CPAs Should Consider the Potential Impact
The Biden Administration recently released its fiscal 2024 revenue proposal, which includes many dramatic changes that will affect most aspects of estate planning. The first…
Biden Administration’s Green Book Proposes Dramatic Estate Planning Changes
CPAs Should Consider the Potential Impact
The Biden Administration recently released its fiscal 2024 revenue proposal, which includes many dramatic changes that will affect most aspects of estate planning. The first…
What to Consider When There is a Recent Dementia Diagnosis
A Conversation with an Elder Law Attorney
In Brief As the country's population ages, increasing numbers of people find themselves experiencing conditions of chronic illness. CPAs that serve such clients can tailor…
First Look at the Secure Act 2.0 of 2022
Practical and Legal Considerations
On December 23, 2022, Congress passed the Securing a Strong Retirement Act of 2022 (Secure 2.0) as part of the Consolidated Appropriations Act of 2023,…
First Look at the Secure Act 2.0 of 2022
Practical and Legal Considerations
On December 23, 2022, Congress passed the Securing a Strong Retirement Act of 2022 (Secure 2.0) as part of the Consolidated Appropriations Act of 2023,…
When CPAs look to expand their services to incorporate personal financial planning, they often find a new set of challenges. The following are some of…
Housing is only one of the many costs of sending a child to college, but it is also an area that presents parents with numerous…
The U.S. population is aging, and CPAs should consider this fact in determining which services they can offer and how they will adapt their practices…
SSDI and SSI—Government Programs to Help the Disabled
What CPAs Need to Know to Answer Pressing Questions
The U.S. federal government has a wide range of programs to help those in need, including health insurance for seniors (Medicare), discounted phone and Internet…