Did you know below-market loans can have tax consequences? Learn how gift loans, employer loans, and AFR rates impact taxes. Discover exceptions and strategies here!
The IRS Bulletin 2024-51 brings key updates on the 1099-K reporting thresholds, CHIPS Act payments, advanced manufacturing investment and production credits, and recourse partnership liabilities.
Tax strategy tip: Capitalizing property taxes can boost your cost basis while addressing AMT and SALT limitations. Learn how this method works and its potential benefits.
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.
