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Tax

Attention Business Owners - Important Tax Relief Available Only if Congress Hears from You

On January 31, the House of Representatives overwhelmingly passed H.R. 7024, the Tax Relief for American Families and Workers Act of 2024 (357 to...
Tax

Reporting Foreign Trusts and Gifts: what is Form 3520

Individuals who are citizens or residents of the United States, as well as executors handling the estates of deceased U.S. individuals, are required...
Tax

Checklist for tax deadlines 2024: what you should keep in mind

Ensure you stay on top of important tax deadlines, dates, extensions, and other factors for individuals and businesses this year by keeping your...
Tax

Tax Benefits of a Charitable Remainder Trust

There is often curiosity surrounding the tax benefits, implications, and motivations behind establishing a charitable remainder trust. In this...
Tax

What is a W9 Tax Form Used for?

The W-9 form, also known as the Request for Taxpayer Identification Number and Certification," serves the purpose of gathering vital tax information...
Tax

IRS Updates: Withholding Tax Forms 1042 and 1042-S for 2023

New electronic filing requirements apply to Form 1042 beginning with tax year 2023 forms filed in 2024. For tax year 2023, electronic filing of Form...
Tax

2024 Tax Filing Season: Official Dates

In a recent announcement on January 8th, the Internal Revenue Service officially declared that the 2024 tax season will commence on Monday, January...
Tax

What is the form 1099-DA used for?

While you may be well-acquainted with the traditional W-2 forms that provide details of your salary, it's important to keep up with the ever-evolving...
Tax

How to plan for a 529 plan for the future

Saving for education? It's no small feat. With the ever-rising cost of college, it can feel like an uphill battle. But fear not, future-focused...
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