Briscoe & Associates, LLC

03/25/2026

With today’s $15 million federal estate and gift tax exemption ($30 million for married couples), it’s easy to believe estate tax planning is no longer a concern. But a recent Tax Court case proves otherwise—an estate lost $1.5 million simply because a portability election was not properly and timely filed.

With today’s $15 million federal estate and gift tax exemption ($30 million for married couples), it’s easy to believe estate tax planning is no longer a concern. But a recent Tax Court case proves otherwise—an estate lost $1.5 million simply because a portability election was not properly and...

03/19/2026

If you are a sole proprietor and considering converting a business vehicle to personal use, it’s important to understand the tax consequences before making the switch.

03/11/2026

It is easy to use Google for answers, but people often search for information that confirms a preconceived answer they already want to believe, rather than what they actually need.

It is easy to use Google for answers, but people often search for information that confirms a preconceived answer they already want to believe, rather than what they actually need.

03/04/2026

If you donate clothing or household goods to charity, there’s an IRS trap you need to know about.

02/25/2026

Family relationships and overlapping ownership can quietly sabotage well-intentioned tax planning. Internal Revenue Code Section 267 often causes the damage.

02/20/2026

The One Big Beautiful Bill Act (OBBBA) permanently eliminated the qualified bicycle commuting reimbursement, ending a small but symbolic incentive for employees who bike to work.

Congress has officially pulled the plug on the federal tax break for bicycle commuting.

02/12/2026

For decades, taxpayers trusted a simple rule: if you mailed a tax return or payment by the deadline, the IRS treated it as timely filed. Recent U.S. Postal Service (USPS) practices have changed that reality and created a serious trap for anyone who relies on last-minute mailing.

01/27/2026

Many taxpayers panic when they hear the term “depreciation recapture” and decide to skip depreciation on a home office to avoid future tax. Should you do this?

01/21/2026

Serious real estate investors rely on the Section 1031 exchange because it allows them to grow wealth faster while legally deferring federal income taxes.

01/15/2026

The No Tax on Tips deduction applies retroactively beginning January 1, 2025, and the IRS has designated 2025 as a transition year. As a result, the deduction operates differently for 2025 than for later years.