Wright Ford Young & Co.

06/03/2026

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/

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

06/02/2026

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.

06/02/2026

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

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

06/01/2026

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

05/29/2026

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 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.

05/28/2026

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/

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.

05/28/2026

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.

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.

05/27/2026

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.

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.

05/26/2026

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.

05/26/2026

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, which launch this summer, will offer another tax-deferred savings option for families. But experts say 529 plans offer greater tax advantage.