Insights & Resources

The Inflation Reduction Act of 2022, includes a number of the renewable energy tax provisions originally contained in the Build Back Better Act.

The Inflation Reduction Act extends the biodiesel & alternative fuel credits, provides a new credit for sustainable aviation fuel and much more.

Making improvements to a rental property may have tax implications for landlords and tenants. Find out more.

Weaver's tax professionals have reviewed the legislation signed by President Biden on Tuesday, August 16, and highlight its key provisions here.

An upcoming reduction in the amount of an estate that can be passed on to heirs without paying taxes has many families wondering if they will have a large tax bill upon the death of a loved one. Currently, this tax-free amount, known as the unified credit or exclusion amount, is $12,060,000, but it is set to decline in 2026 to $5 million (adjusted for inflation). Likewise, tax rates will increase in 2026 to 45% from the current top rate of 40%.

Weaver highlights strategies to consider when planning and executing estate and gift tax. Learn why these strategies are optimal for most wealthy estates.

The demand for guidance on how firms should manage digital assets for accounting purposes continues to grow in tandem with the use and acceptance of crypto assets.

The IRS recently issued guidance on the procedure to request that a substance be added, or removed, from the list subject to the Superfund excise tax.

The IRS increased the standard mileage rate from 58.5 to 62.5 cents for the second half of 2022. The new rate became effective July 1, 2022.

Taxpayers subject to the Superfund Excise Tax are reminded that payments should be deposited semi-monthly unless the net liability is less than $2,500 for the quarter.

When determining gain on a sale of property, real estate investors need to consider the property's placed-in-service date and the start of the holding period.

Colorado has implemented a new "retail delivery fee" that presents an additional compliance challenge in the state's already complex sales and use tax system.