With another tax season recently behind us, the Internal Revenue Code and its many reporting requirements are fresh in our minds. Do you encounter beneficiaries who want to know why you need so much ...
On Wednesday, the IRS released a draft of Form 8960, Net Investment Income Tax—Individuals, Estates, and Trusts, a new dual-purpose form that will be used by individuals and trusts and estates to ...
When you create the Medicaid Asset Protection Trust (MAPT), you may or may not have to file an income tax return for the trust. If assets in the trust produce gross income of $600 or more in a year, ...
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