Don’t be caught off guard by the estate planning pitfalls of jointly owning property with loved ones.

A tax deduction isn’t the only reason for donating a vehicle to charity. But if you’re counting on one, make sure you understand the rules. You may wind up with a small deduction or none at all.

Nongrantor trusts are gaining popularity, as current estate planning objectives have moved from limiting estate tax liability to reducing income taxes. Learn why.

If you meet certain requirements, you may be eligible for a tax break on summer day camp expenses you pay for your child. Here is a rundown of the rules.

The Taxpayer First Act is a wide-ranging IRS reform bill that also includes various other provisions that protect taxpayers’ rights. Here are the details.

Unbeknownst to us, many a valuable thing may lie just beneath our feet. So it goes for businesses, which can discover unseen profits through savvy strategic planning.

What factors should figure into your decision on who should own your life insurance policy?

New hires from certain disadvantaged “targeted” groups may qualify your business for the Work Opportunity Tax Credit. Here’s an overview of this potentially valuable tax break, including how it’s calculated.

Many people dream of retiring to another state to take advantage of warm weather or to be close to loved ones. Before you call the moving truck, consider the impact of state and local taxes.

Does achieving two goals with one estate planning vehicle sound good to you? If so, a charitable lead trust might be right for your family.

If payroll taxes withheld from employees’ paychecks aren’t remitted to the federal government, a severe tax penalty can be personally imposed on “responsible” individuals.

If your business has placed (or will place) passenger automobiles (including light trucks and vans) into service for 2019, listen up! The IRS recently has released depreciation limits for these vehicles.