For clients facing the Alternative Minimum Tax (AMT), electing itemized deductions can reduce their tax bill. Learn this valuable tax strategy to save money and simplify AMT calculations.
IRS Bulletin 2024-46 brings updates on income tax, including the new requirements for manufacturers to qualify for credits under § 25C and an extension of FATCA reporting relief.
Learn how to identify and calculate the estate tax deduction for income in respect of a decedent (IRD) to maximize benefits for clients with inherited taxable income.
Explore IRS Bulletin 2024-45 for updates on 2025 inflation adjustments, retirement plan overpayment rules, Form 990-T extensions, SAF credit guidance, and more.
Donating time-share use for charity? Learn what qualifies as a deductible contribution and what expenses can be claimed. This article explains the rules to avoid surprises at tax time.
