Tax and Estate Planning

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The Future of AI Is Now. Is Tax Ready?
BDO
Generative artificial intelligence (AI), once seen as a vision of tomorrow, has rapidly advanced to become an established part of the day-to-day operations for organizations in every industry. Like
Wealth Planning Outlook: Rethink Tomorrow
Northern Trust
In times of significant change, it is easy to become paralyzed by uncertainty and indecision. However, such changes are inevitably accompanied by new opportunities. In this Wealth Planning Outlook,
The IRS is Shifting Audit Attention to Large Partnerships and Wealthy Individuals
Warner Norcross + Judd
Over the past 15 years, the IRS has attempted to ramp up its scrutiny of wealthy individuals. With billions in new funding promised under the Inflation Reduction Act, the IRS has announced additional
2023 Year-End Tax Planning for Individuals
BDO
Tax planning is as essential as ever for taxpayers looking to manage cash flow while paying the least amount of taxes possible over time. It’s time for individuals, business owners, and family
2023 Year-End Tax Guide
Plante Moran
As new and established tax provisions shape the current tax environment, it’s clear that understanding the landscape of tax law changes and expiring tax credits is key as a high-income taxpayer
Tax Innovation Guide
BDO
With the accelerated pace of technology advancements in addition to tax policy changes that require tax teams to synthesize immense amounts of data, tax departments must fully embrace
Corporate Transparency Act: Identification of Individuals Who Exercise Substantial Control Over Reporting Companies
Kozusko Harris Duncan
Following the enactment of the Corporate Transparency Act (CTA), the U.S. Department of the Treasury's Financial Crimes Enforcement Network (FinCEN) explained that the CTA and FinCEN regulations
Entrepreneur’s Guide to Building Wealth
Northern Trust
While entrepreneurs are intently focused on building their businesses, they may have less time to spend on building, sustaining, and distributing their wealth. Given the importance of early wealth
Corporate Transparency Act: FinCEN Beneficial Owner Information Report Requires Street Address of Principal Place of Business
Kozusko Harris Duncan
As families and their advisers begin to prepare for U.S. entities in their succession planning structures to comply with the Corporate Transparency Act (CTA), consideration should be given to U.S.
Legal Document Checklist for Children Heading to College
Gresham Partners
Generally, parents lose access to their child’s health and financial information once the child becomes a legal adult at the age of 18 unless certain steps are taken. To