Two recent acts of Congress (including the rather interestingly named Protection of Americans from Tax Hikes Act) created new audit rules for partnerships. Normally one would not think that a change to "audit rules" would...

In the 90s, when the Internet was new and Bill Clinton still had more tomorrows than yesterdays, the estate tax exemption was $600,000, an amount even Thomas Piketty might think was rather low.In that sort...

Certainly one of Adam Smith's core insights in The Wealth of Nations was that incentives matter.I believe examples are everywhere about how Smith was correct - ranging from California water shortages and student loan debt...

These are interesting years in estate planning for families in the Upper Middle and Lower Upper Classes.As a high estate tax exemption has reduced the tax-driven imperatives for using trusts to hold inheritances, non-tax applications...