With all of the buzz around Saturday's royal wedding, now is a good time to talk with clients about how getting married could affect their taxes. Here's how to get your clients up to speed before they say "I do."
Many taxpayers assume retirement-account withdrawals to pay for medical expenses automatically qualify as hardship exemptions, but this is not the case. A number of Tax Court cases show how to meet the requirements for exemption.
With five generations of employees in the workforce, people have a lot of wisdom to share with one another. Here are four ideas for creating opportunities to facilitate this exchange of knowledge.
The US is headed for turbulence economically and politically during the next few years, geopolitical analyst Jacob Shapiro said during an AICPA spring governing Council session. Meanwhile, he said three other areas are worth watching because their power seems likely to rise.
Changes to lease-accounting requirements could have a limited effect on how equity analysts operate, CFRA senior analyst Zhen Deng says. "They do their own capitalization, and most have their own method of measuring leases because they can do a precise calculation," Deng says.
A woman who did not know she was pregnant was "dumbstruck" when she suddenly felt pain and gave birth to a girl on the Brazilian island of Fernando de Noronha. This is the first human born in 12 years on the island, which serves as a nature reserve.
The new tax law, which raises the estate tax exemption, may affect planning strategies for high-net-worth clients. Advisers and clients should consider the impact of estate taxes at the state level and may want to focus on minimizing capital gains taxes.
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