The Tax Adviser—the magazine of planning, trends, and techniques—reports and explains federal tax issues to tax practitioners.

Taxpayers are shifting back toward human tax professionals, with trust in AI for filing slipping across every generation, ...

Requested guidance can be provided through modifications to Rev. Proc. 2025-28 and/or other published guidance.

The convergence of accelerating inflation and heightened tariff costs creates optimal conditions for adopting LIFO, but taxpayers need to understand the benefits and act promptly.

Early termination of the clean energy investment credits for solar and wind under the law known as the One Big Beautiful Bill Act means projects must start construction by July 4, 2026.

Editor: Susan M. Grais, CPA, J.D., LL.M. The presidential report notes that “the IRS does not have authority to require digital asset exchanges to report on controlling persons of many shell companies ...

To understand the implications of in–kind distributions and the Sec. 643(e)(3) election, it helps to first review how income is taxed at the trust and beneficiary levels. One of the unique features of ...

Editor: Susan M. Grais, CPA, J.D., LL.M. Treasury and the IRS in September released proposed regulations (REG–110032–25) with guidance on the new federal income tax deduction for tips, which was ...

Given the charitable contribution deduction floors, donors may benefit from combining multiple years of charitable contributions into a single year. This strategy, known as bunching, helps exceed the ...

Amid new limitations, strategies remain for optimizing tax-efficient support for colleges and universities.

Sec. 132(a)(1) excludes from an individual’s gross income any fringe benefit that qualifies as a no–additional–cost service. A no–additional–cost service is any service provided by an employer to an ...