Taxation Insights

Tax Tip: Donors should consider leaving an asset to a single charity, such as a private foundation, to determine its ultimate disposition.

Under the new USPS rules, the postmark may not accurately reflect the date the documents were mailed. Exercise caution for the rest of the tax filing season and wrap up 2025 by steering clear of postal penalties and future headaches.

Every year, the IRS releases its "Dirty Dozen" list of common scams and schemes that taxpayers should be aware of. As we enter the peak of tax season, make sure you stay alert and aware.

Individuals who would like to benefit their favorite charities while creating an income stream for themselves or a loved one may want to consider incorporating a charitable remainder trust (CRT) into their estate plans. A CRT is an irrevocable trust to which you contribute stock or other assets.

Tax Tip: If you're required to file a tax return but don’t, the IRS might step in and file one for you.

For manufacturers planning to build new facilities or expand their existing plants, last year’s One Big Beautiful Bill Act introduced a powerful new tax incentive.

When investors sell stocks or mutual fund shares, calculating the gain or loss for tax purposes is simply the difference between the sale price and the cost basis. In practice, however, it can get complicated. That’s because many people buy multiple shares of the same investments over time at different prices.

Tax Tip: Did you know the IRS will consider a rental property a personal residence if you rent below fair market rent to a family or friend?