Intercompany lending is common among related entities but can lead to unintended tax consequences if not properly structured and documented. This article explains how the IRS distinguishes between debt and equity, discusses the risks of recharacterization and highlights key factors from Fry v. Commissioner. The sidebar provides best practices to ensure shareholder loans are properly treated for tax purposes.

Becoming a parent can significantly impact someone’s taxes. This article highlights potential tax savings while emphasizing the importance of updating tax details and planning ahead. Taking proactive steps now can help maximize savings and avoid surprises when filing taxes next year.

Dynasty trusts can offer a strategic way to preserve family wealth while minimizing gift, estate and generation-skipping transfer taxes. With the federal exemption now at historically high levels, these trusts can be especially powerful. They can also offer control, asset protection and long-term tax efficiency, making them a multigenerational estate planning tool worth considering.

This discusses how a family limited partnership (FLP) can help with tax-efficient wealth transfer, explains the tax implications of dividing business interests during divorce, and clarifies the “kiddie tax” rules that might impact children’s unearned income and family tax planning.