Trusts are vehicles that can assist in the preservation of wealth and property for future generations, protect assets, or carry out a charitable purpose. A trust is an entity created.
The IRS is requesting comments concerning Form 5227, Split Interest Trust Information Return. The IRS announced the beginning of the 2023 tax filing season, with a focus on improving customer service. The IRS it is accepting tax returns for the 2023 filing season.
Presented below is our summary of significant Internal Revenue Service (IRS) guidance and relevant tax matters for the week of January 23, 2023 – January 27, 2023. .
Tax Litigation: The Week of September 26th, 2022, through September 30th, 2022 Patitz, Moody v. Comm’r, T.C. Memo. 2022-99 | September 27, 2022 | Weiler, J. | Dkt. No. 2784-19 Powell.