Corporate tax credits reduce tax dollar for dollar. Deductions only reduce the income the tax is computed on. The IRS went out of its way to publish a notice about corporations that paid a tax they never owed — Treasury and the IRS observed that some small corporate taxpayers reported corporate alternative minimum tax for […]
Displaying: Practical Implementation
Post-Death Planning: What Happens After a Client Dies
Post-death estate planning starts the moment a client dies — and the CPA is often the first professional the family calls. Not the attorney. Not the financial advisor. The accountant who handled the returns, knew the numbers, and understood the financial picture. What happens in the weeks and months that follow involves a series of […]
Corporate Tax Planning Before Year-End: Strategies for Q3 and Q4
August is when corporate year-end tax planning conversations start. Not December. By the time a CPA reaches out to a C corporation client in November, most of the actionable levers have already been pulled (or missed). The Q3 window is where the real work happens: reviewing estimated payments, evaluating compensation timing, and lining up capital […]