Gift Tax Treatment of Tuition Plans
Qualified tuition plans (QTP) provide a means for family members and others to save for the future educational needs of children. Investm...
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The Tax Professionals Blog · 446 articles
Excess Deductions on Trust Termination
There has been some confusion related to the deductibility of excess deductions flowing through to beneficiaries from a trust on Form 104...
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In Vitro Fertilization as a Medical Deduction?
The cost of In vitro fertilization treatment is expensive. Can the payments be deducted as a medical expense and can payments be made fro...
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401(k) Contribution Limits
It is not uncommon for individuals to have multiple employers, each with a 401(k) plan. This can possibly create a situation where the em...
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Partial Disposition of a Passive Activity
Any gain or loss from the disposition of a passive activity is generally also passive. However, special rules apply to dispositions.
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Insight: Basis of Property Transferred Between Spouses Incident to a Divorce
When one spouse transfers property to another spouse the basis of the recipient spouse is the same as the transferor-spouse's adjusted ba...
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