Confused about excess deductions from a terminated trust? Learn how beneficiaries can report these deductions on Schedule A, line 16, and navigate IRS rules like a pro.
Stay updated with IRS Bulletin 2024-49! Learn about new interest rates for 2025, PCORTF fee adjustments, employee plan updates, and December federal rate tables.
Filing a tax extension? In this article, discover how to properly estimate tax liability, meet deadlines, and avoid penalties. Ensure your Form 4868 is valid and penalty-free!
IRS Bulletin 2024-46 includes important updates on employee plans, excise tax changes for preventive services, and revocation of IRC 501(c)(3) status for non-compliance.
Termination payments for retiring insurance agents are subject to specific tax rules. Learn how these payments are treated as ordinary income and the criteria for SE tax exemptions.
