US estate tax: Not just for US citizens
The U.S. tax system is based on a citizenship model rather than a residency model, so its reach is potentially...
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Victoria has contributed 89 entries to our website, so far.
10 estate and income tax questions – 5
Sep 19, 2023
5. Does the estate contain a principal residence or vacation home with significant value? (more…)
The unique benefits of 529 college savings plans
Sep 12, 2023
To start with the basics, a 529 plan is legally known as a “qualified tuition plan.” It is a tax-advantaged plan that...
Guidance issued on consequences of certain state payments after 2022
Sep 8, 2023
Following up on guidance for payments made in 2022, the IRS on Wednesday issued Notice 2023-56, which describes the federal tax...
Businesses must e-file Form 8300 for $10,000+ cash payments in 2024
Sep 6, 2023
Certain businesses that receive payments of over $10,000 in cash must file Form 8300, Report of Cash Payments Over $10,000 Received...
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