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Basis consistency rules may come into play if you’re administering an estate or inheriting property

When it comes to tax law changes and estate planning, the substantial increases to the gift and estate tax exemptions under the Tax Cuts and Jobs Act are getting the most attention these days. But a tax law change enacted in 2015 also warrants your attention....
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The Miami Herald Recognizes Gerson Preston for Work with Overtown Students | Gerson Preston

Miami accounting firm Gerson Preston has hired two interns from the Miami Summer Jobs Connect program for low-income youths. From left, Ivan Lopez of Gerson Preston’s IT department, intern Andres Arcia, Gerson Preston CPA Carrie Baron, intern Hilairee...
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IRS Issues Guidelines on Waiving Filing Deadlines for Foreign Corporations | Gerson Preston

IRS Issues Guidelines on Waiving Filing Deadlines for Foreign Corporations The IRS Large Business and International Division (LB&I) has issued guidelines for handling delinquent Forms 1120-F, U.S. Income Tax Return of a Foreign Corporation,...
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