Learn how to identify and calculate the estate tax deduction for income in respect of a decedent (IRD) to maximize benefits for clients with inherited taxable income.
Explore IRS Bulletin 2024-45 for updates on 2025 inflation adjustments, retirement plan overpayment rules, Form 990-T extensions, SAF credit guidance, and more.
Donating time-share use for charity? Learn what qualifies as a deductible contribution and what expenses can be claimed. This article explains the rules to avoid surprises at tax time.
Learn about IRS Bulletin 2024-44 updates, including HDHP preventive care expansions, new tax classification rules for Tribal entities, and final rules on repatriated intangible property.
Can you deduct mortgage interest without being legally liable for the loan? Learn how equitable ownership might allow you to claim deductions, even without legal title. Discover key Tax Court examples.
