Owners of small businesses structured as sole proprietorships or "pass-through" entities face a distinctive challenge: Their business income impacts their personal tax liability. Careful planning is imperative. We discuss some important points to keep in mind, including current tax rates and brackets, as well as the potentially powerful qualified business income deduction.

Do you want to sell commercial or investment real estate that has appreciated significantly? One way to defer a tax bill on the gain is with a "like-kind" exchange. With this tax strategy, you don't tie up your money. You keep it working for you. This article provides the basic details, including how the current rules work.

Sorting out financial priorities in your family can be a tricky balancing act. The contribution limits for tax-favored retirement savings plans continue to notch upward. This may cause parents to ask the following question: Should I max out my 401(k) account or IRA — or should I set aside more funds for my child's higher education? Here's a look at the issue.

With the many changes in the estate tax in recent years, you could be confused about the need to take steps with your estate. But estate planning was never just about reducing estate taxes. It is also about ensuring that your estate is distributed according to your wishes and that your heirs are properly provided for. At a minimum, you probably need to handle these important issues.