It's called basis-shifting, which is a complicated tax hack where businesses or individuals move the value of their assets, ...

Some might be. In general, most closing costs are not tax-deductible. This is because the IRS regards them as part of the ...

On January 10, 2025, the United States Internal Revenue Service (the "IRS") released final regulations (the "Final ...

Discover SRV, a CEF with midstream energy stocks offering a $0.45 monthly distribution. Benefits include no K-1 forms or UBTI ...

Because the amount of capital gain determines the amount of capital gains tax owed, basis step-up is considered one of the most powerful and important tools in the estate and tax planning universe.

The partnership-level adjustment may be required for a substantial built-in loss, except for electing investment partnerships and securitization partnerships.

This would essentially provide you with a tax break because the fees are extracted on a pretax basis. Here's a tax break you may come across when working with a financial advisor or accountant ...