A revenue ruling is a document issued by the Internal Revenue Service (IRS) that guides how to interpret and apply tax laws. These rulings are issued in response to specific questions...
Posted by Pat Raskob on 05/08/2023
Many people believe that "estate planning" and "succession planning" are two ways of saying the same thing. In reality, however, they are separate processes with...
Posted by Dennis Jao on 07/31/2022
Every document about your taxes is official because you pay taxes to the government, and this also means that such records must be notarized. When you know the importance of notary...
Posted by Tiffany Gaskin on 09/30/2021
You open an individual retirement account known as an inherited IRA on inheriting a tax-advantaged retirement plan like an IRA or 401(k). The heir needs to transfer such assets from...
Posted by Jim McClaflin, EA, NTPI Fellow, CTRC on 07/24/2021
It's a good idea to notify the Internal Revenue Service (IRS) as soon as possible if you are moving. You can update your address via phone or fill out a form provided by the IRS...
Posted by Taxes Made EZ Inc on 07/24/2021
For everyone that will include some amount of OID in their tax income, they must file Form 1099 OID. We refer to OID as the leftover from the redemption price of obligation when it...
Posted by Tiffany Gaskin on 12/19/2020
Background. Effective for each tax year beginning after December 31, 2017, an ATEO is generally subject to a special tax (currently 21%) on the amount of any employee's overcompensation...
Posted by CORE PERFORMANCE on 11/24/2020
It is common for lawyers and clients to always settle disputes. This usually involves an exchange of money. And, almost any time when money changes hand, it usually involves tax, which...
Posted by Larry Hurt on 06/22/2020
Leaving the winning side of a lawsuit as a plaintiff can be a rewarding feeling, especially if it's a financial deal. There will likely be a sense of relief and demand. Unfortunately,...
Posted by Elliot Kravitz, ATP on 04/20/2020
