As the idea of a wealth tax gains more mainstream attention, it’s important for high net worth individuals to stay informed about the proposals and potential implications. Check out this brief overview of recent state proposals for a wealth tax.

All expenses being treated as nontaxable under IRC Sec. 139 due to COVID-19 will soon lose that benefit.

Yes, they are fully deductible as an itemized deduction in the year they are paid.

The IRS released draft 2022 partnership instructions that include a new exception to filing and furnishing to partners Schedules K-2 and K-3 for 2022.

The benefits of a buy-sell agreement are only as good as its terms, effective execution, and regular updates.

A major factor in the car wash industry has been the increase in private equity activity.