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| TIMELY OPPORTUNITIES |
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| | Trump Accounts Go Live and the IRS Provides Tax-Reporting Relief | |
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Last year's One Big Beautiful Bill Act created a new type of tax-advantaged savings vehicle for eligible children: Section 530A accounts (also known as "Trump Accounts"). The accounts "went live" for contributions beginning on July 4, 2026, so we provide a comprehensive overview — including a look at recent IRS guidance. Read More
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| FAMILY BUSINESS |
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| | 4 Steps for Keeping the Business in the Family | |
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Is your family business safe from an uncertain future? When you're ready to retire, you should have a clear plan for who will assume ownership of the company and how you'll protect the wealth you've built as owner. You should devote the time and resources to your family business succession plan that you spent building the business. This article discusses four basic steps associated with an effective plan. Read More
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| BUSINESS TAX |
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| | Make the Most of the General Business Credit | |
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Tax credits are far more valuable than tax deductions. Unlike a deduction, which reduces a business's taxable income, a credit reduces the business's tax liability dollar for dollar. Credits aren't unlimited, however. For businesses, the aggregate value of tax credits may be limited by the general business credit. This article explains how it works and lists specific credits it includes. Read More
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| PERSONAL TAX |
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| | Medical Costs: Can I Really Get a Tax Break for That? | |
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Can you deduct the cost of a facelift? How about "Lasik" eye surgery or the cleaning solution for contact lenses? Some of the procedures that pass muster with the IRS may surprise you. Take a look at a chart with eligible and not-eligible medical expenses. There are some unusual qualified expenses that might allow you to get a tax break. Read More
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