Congress created the Qualified Opportunity Zone (QOZ) program to incentivize investments in low-income communities through valuable tax breaks. The original program was scheduled to expire, but it has recently been renewed and expanded under the One Big Beautiful Bill Act (OBBBA). This opens the door for savvy taxpayers to defer, reduce or exclude unrealized capital…

The death of a loved one is always difficult, but it can be even more challenging if you are the one who must handle all the resulting tax responsibilities. There are a couple different ways you can assume the required duties: Either way, the duties are essentially the same, so for purposes of this article,…

A common question posed to business valuation experts who testify in court is: “Did you follow appraisal standards in performing your engagement?” The next question is likely to be: “Which ones?” There are a number of different standards that cover business appraisal practice. USPAP Requires Appraisers to:1. Understand and correctly employ recognized methods.2. Not commit substantial errors.3. Not be careless…