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...
Insights: 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 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...
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...
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...
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...
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...
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...
What to expect from the International Tax outlook for 2024
The OECD introduced the framework for the Pillar Two global minimum tax in December 2021. The subsequent issuance of the Pillar Two model rules aims...