Wright Ford Young & Co.

The IRS has issued proposed regulations that would increase the user fee for an estate tax closing letter from $56 to $76.

https://tax.thomsonreuters.com/news/irs-proposes-increasing-estate-tax-closing-letter-fee/

IRS Proposes Increasing Estate Tax Closing Letter Fee The IRS has issued proposed regulations that would increase the user fee for an estate tax closing letter from $56 to $76.

For business owners, tax strategy should align with compensation structure, reinvestment plans, and long-term exit goals—not operate in isolation.

Note: Everyone’s financial situation is different. Contact a WFY advisor to discuss your financial plan.

The IRS has released the 2027 contribution limits for health savings accounts, or HSAs, which offer triple-tax benefits for investors.

IRS unveils new health savings account limits for 2027 The IRS has increased the health savings account limits for 2027. Here's what you need to know.

WFY is thrilled to have these new additions join our audit department! Welcome to the team, John, Muriel, and Justin!

If you are interested in joining our team, check our our Careers page here: https://www.cpa-wfy.com/about-us/careers/?utm_source=facebook&utm_medium=social&utm_content=ap_dsxo2bhn0c

Hedge funds may face tax issues of entity structuring, carried interest, management fee waivers, and trading-related rules. This article highlights planning strategies and compliance considerations as the IRS continues to increase its scrutiny of these investment vehicles.

https://www.thetaxadviser.com/issues/2026/apr/hedge-funds-tax-structuring-planning-and-compliance/

Hedge funds: Tax structuring, planning, and compliance Hedge funds may face tax issues of entity structuring, carried interest, management fee waivers, and trading-related rules. This article highlights planning strategies and compliance considerations as the IRS continues to increase its scrutiny of these investment vehicles.

A bipartisan group of lawmakers has introduced sweeping legislation to establish a new tax framework for digital assets, aiming to close the wealth gap and provide long-sought clarity for consumers and investors.

https://tax.thomsonreuters.com/news/bipartisan-parity-act-introduced-to-modernize-digital-asset-tax-rules/

Bipartisan 'PARITY' Act Introduced to Modernize Digital Asset Tax Rules A bipartisan group of lawmakers has introduced sweeping legislation to establish a new tax framework for digital assets, aiming to close the wealth gap and provide long-sought clarity for consumers and investors.

Electric car owners could be forced to pay as much as $150 annually under a new tax that is being proposed by bipartisan leaders of the U.S. House Transportation and Infrastructure Committee.

'Paying their fair share': EV drivers could see new fees in proposed bill Electric car owners could be forced to pay as much as $150 annually under a new tax that is being proposed by bipartisan leaders in the U.S. House.

Tax Notes reporters Paul Jones and Emily Hollingsworth discuss how bias in artificial intelligence can affect automated systems that select taxpayers for audits and what their investigation of California's and New York’s audit selection processes revealed.

How AI Bias Affects State Audit Selection Tax Notes reporters Paul Jones and Emily Hollingsworth discuss how bias in artificial intelligence can affect automated systems that select taxpayers for audits and what their investigation of California's and New York’s audit selection processes revealed.

Strategic lifetime gifting can shift future appreciation out of your estate. When structured thoughtfully, it’s an effective way to reduce long-term tax exposure while supporting generational planning.

Note: Everyone’s financial situation is different. Contact a WFY advisor to discuss your financial plan.

Starting in July, Trump Accounts will give parents a new option to save and invest for their children’s future. But other tax-advantaged savings and investment vehicles already exist — and are often underutilized.

Trump Accounts have a 'tax-advantaged' alternative, CFP says — yet few families are capitalizing Trump Accounts, which launch this summer, will offer another tax-deferred savings option for families. But experts say 529 plans offer greater tax advantage.