The ruling hinges on the corporation and trust being treated as a single entity and meeting other requirements under Regs.
The IRS on Friday released a draft of Schedule 1-A (Form 1040), Additional Deductions, which includes sections for calculating four deductions allowed under H.R. 1, P.L. 119-21, commonly known as the ...
Turning 65 should feel liberating, a milestone marking decades of hard work finally rewarded with Medicare coverage. Yet for ...
The IRS has released Form 4547, allowing parents to register eligible children for Trump Accounts when filing 2025 tax returns. Here’s how the election works, who qualifies, and what happens next. Tax ...