A change in the tax law will eliminate a tax break for alimony payments made pursuant to divorces that are finalized after December 31, 2018.
For 2018, alimony (or spousal support or spousal maintenance) is tax deductible...more
What do we, as tax professionals, do when we discover (or our clients discover) that a tax election has been inadvertently missed? There may be a solution for some missed elections. Regulations §§ 301.9100-1 through...more
5/2/2018
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Tax Returns
Typically, a trust must file a separate income tax return for each calendar year. However, for most grantor trusts, filing a separate tax return is optional. The general rule and the alternative methods of reporting are...more