The unique benefits of 529 college savings plans
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...
Sec. 965 transition tax: Installment payments causing processing errors
Sep 5, 2023
The IRS has seemed to struggle from the outset of the Sec. 965 transition tax to develop workable administrative procedures...
Tax fraud and bankruptcy dischargeability
Sep 1, 2023
The federal laws governing bankruptcy and taxation often intersect, although their makeup, effectiveness, and interpretation are significantly impacted by distinct...
The new 529 rollover to Roth IRA
Aug 30, 2023
Under SECURE 2.0, it will soon be possible to perform a rollover from a 529 educational savings plan to a...
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