Editor’s note: This is part eight of an ongoing series about using trusts and LLCs in estate planning, asset protection and tax planning. The effectiveness of these powerful tools — especially for ...
Many clients and even other professionals are unaware that an irrevocable bypass trust, or funded B trusts, can be corrected to prevent higher ordinary income tax during the surviving spouse’s ...
Millions of taxpayers can file for free this year using the IRS' Direct File system. Launched by the agency as a pilot program in 12 states, Direct File processed approximately 140,000 returns in 2024 ...
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