Tax Updates

Home Tax Updates (Page 6)

Incentives for Solar Power Generation Systems

Jul 14, 2025

With a host of tax and incentive programs, there are many reasons for taxpayers to install solar power generation systems....

Treatment of Digital Assets Transferred to Employees

Jul 10, 2025

The IRS has issued extensive guidance on treating payments to employees and other service providers as compensation, including how to...

Adequate Disclosure on Gift Tax Returns: A Requirement for More than Gifts

Jul 7, 2025

Professionals are currently advising clients amid the so–called “great wealth transfer”; new IRS campaigns focused on high–income/high–wealth taxpayers; and the approaching sunset of favorable...

New IRS form for partners receiving property distributions

Jun 10, 2025

The IRS released a draft form in summer 2024, with subsequent revisions and draft instructions, that partners will use, starting...

IRS reduces user fee for estate tax closing letters

Jun 6, 2025

The IRS issued interim final and proposed regulations Friday (T.D. 10031 and REG-107459-24) lowering the user fee for the Service to issue...