Author: Rob Cordasco

If your business has employees or uses independent contractors, you have associated annual information reporting obligations. The One Big Beautiful Bill Act (OBBBA) makes changes impacting these rules, but not for the 2025 tax year. Tips and overtime income For 2025 through 2028, the OBBBA creates new deductions for employees who receive qualified tips income […]

Read More… from Significant changes to information reporting go into effect for the 2026 tax year

A Crummey trust provides a key tax benefit of an outright gift without some of the downsides. Although the mechanics can seem technical, the concept is straightforward. And the benefits can be significant for families looking to reduce estate taxes and provide long-term financial security. How does a Crummey trust work? A Crummey trust (named […]

Read More… from Leverage your gift tax annual exclusion using a Crummey trust

When creating or updating your estate plan, it’s important to address your elderly parents with both clarity and sensitivity. If you provide financial support, share housing or anticipate future caregiving responsibilities, your plan should reflect these realities. Clearly documenting any ongoing assistance, loans or shared assets can help prevent misunderstandings among heirs later. In addition, […]

Read More… from Address your elderly parents in your estate plan in 5 steps

Integrating health care decisions into your estate plan is important because it ensures they are thoughtful, informed and reflective of your values. When you make decisions in advance, you can clearly outline preferences for medical treatment, end-of-life care and quality-of-life considerations without the pressures of an illness or crisis. As with other aspects of your […]

Read More… from Making health care decisions while you’re still healthy benefits you and your family

Friends, let’s talk about one of the most powerful and most misunderstood pre-sale tax strategies in the middle-market M&A world: the F Reorganization . You’ve built a fantastic business. Private equity is at the door, LOI in hand, champagne literally chilling in the conference room fridge. Your investment banker is walking you through a deal […]

Read More… from The F Reorganization Playbook: Your Pre-Sale Tax Master Move

You’ve heard the pitch. Maybe it came from a slick insurance agent, a well-meaning financial advisor, or a guy in a blazer at a conference who talks about “tax-advantaged opportunities” the way a carnival barker talks about the World’s Greatest Sideshow. The pitch goes something like this: “Invest in this equipment rental structure, take a […]

Read More… from The Excess Business Loss Trap: Why It’s the #1 Silent Killer of Tax-Structured Investments (And What To Do About It)

Friends, gather around. I want to talk about one of the most powerful — and most underutilized — provisions in the entire Internal Revenue Code. We’re talking about Section 351 , the tax law equivalent of a “get out of jail free” card when it comes to moving property into a corporation without triggering a […]

Read More… from The IRS’s Gift That Nobody Talks About: A Deep Dive into Section 351 Tax-Free Transfers

The single most powerful idea in the history of business finance didn’t come from Wall Street, Washington, or Silicon Valley. It came from Italy. Specifically, it came from the counting houses of Florence, Venice, and Genoa, from merchants in silk and spice, from Franciscan monks with a flair for mathematics, and from one of the […]

Read More… from La Contabilità : How Italian Genius Invented the Language of Business & and Why It Still Runs Your Financial Statements Today

The Executive Summary (For Those Who Survived) Friends, it’s over. The tax season from Hades has finally drawn to a close (for now), and we can all exhale, pour ourselves a generous glass of Barolo, and do a post-mortem on what just happened. Because what just happened was, in the technical parlance of the profession, […]

Read More… from The 2026 Tax Season Report Card: IRS Chaos, OBBB Mayhem & The Practitioners Who Survived

Every year, severe storms, flooding, wildfires and other disasters affect millions of taxpayers. Many experience casualty losses from damage to their homes or personal property. The One Big Beautiful Bill Act (OBBBA), signed into law last year, generally made permanent the Tax Cuts and Jobs Act (TCJA) limitation on the personal casualty loss tax deduction. […]

Read More… from If you suffered a disaster, you may be eligible for a casualty loss tax deduction