The idea behind getting life insurance for many people is for their heirs to have enough sustenance and provision after their death. Many people desire for their family members to...
Posted by Karen Munoz, EA on 08/24/2021
According to the Christian faith, Jesus responded to a question when asked if it was right to pay taxes by saying, "Give to Caesar what belongs to Caesar, and God what belongs...
The grantor, which can also be called the creator, settlor, trust maker, or trustor, is the party who forms the trust. For married couples, if the trust was established jointly, they...
Taxation of trust fund incomeDeath and taxes are two things that you cannot avoid in life. While there are ways to minimize your tax participation, you certainly can't get rid...
The Internal Revenue Service came out with new procedures allowing expatriates who have renounced their US citizenship the opportunity to comply with their tax obligations and in turn,...
Posted by Valderas Financial Solutions LLC on 10/31/2019
Penalty Abatement is one of the decisions that the bureau of United States treasury department, Internal Revenue Service takes separately in accordance with the facts of the particular...
Posted by J.R.'S TAX SERVICE on 11/13/2018
IDIT (Intentionally Defective Irrevocable Trust), is an effective estate management tool that is sanctioned by Internal Revenue Service. Through this tool, the IRS allows individuals...
Things change. So do people. And so do people’s mind when things start to change. This article is mostly for those of you who have set up a trust and is now seriously considering...
Posted by ALJ Business Services,LLC on 05/21/2018
Trust fund taxes, and the related reporting of them on annual returns, are among the most baffling topics for people who receive income from trusts throughout the year.The good news...
Posted by Lone Star Tax Group on 12/28/2017