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Which Trusts Save Taxes, Which Do Not, And Which Are Illegal?

Trusts are common, and there are many variations. There are revocable, irrevocable, domestic and foreign trusts, and different tax rules apply to each. Some go to far. ....

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Flush with new funding, the IRS zeroes in on the taxes of uber-wealthy Americans

The IRS wants to step up audits of wealthy tax evaders, leveraging a windfall in revenue from Congress. What does that mean for ordinary Americans? ....

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Amending Taxes Isn't A True Do Over—Unless You Use This Rule

If the return you filed was accurate to the best of your knowledge when you filed it, you are probably safe in not filing an amendment (but you still may want to).
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IRS Extends 10/16/23 Tax Deadlines To 11/16/23 For Most Californians

IRS postponed tax deadlines for most California taxpayers by another 30 days, from Oct. 16, 2023 to Nov. 16, 2023. ....

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IRS Gives Maine & Mass. Taxpayers Hurricane Tax Extension To Feb. 15

All 16 counties in Maine and all 14 counties in Massachusetts qualify for IRS filing and payment extensions until Feb. 15, 2024 from the October 16 2023 due date. ....

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