Posts by Victoria

For decades, a tax return postmarked by the deadline was treated as on time. That rule hasn’t changed — but the Postal Service has changed what a postmark date means, and dropping an envelope in a mailbox on deadline day is now riskier.

The U.S. tax system is based on a citizenship model rather than a residency model, so its reach is potentially...

5. Does the estate contain a principal residence or vacation home with significant value? (more…)

To start with the basics, a 529 plan is legally known as a “qualified tuition plan.” It is a tax-advantaged plan that...

Following up on guidance for payments made in 2022, the IRS on Wednesday issued Notice 2023-56, which describes the federal tax...