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Charitable Remainder Trusts: A Strategic Guide to Tax Savings, Income, and Philanthropy
When it comes to smart financial planning, especially for individuals with highly appreciated assets like real estate or stocks, the Charitable Remainder Trust (CRT) stands

IRS Audit Triggers in 2025: What a Tax Advisory Service Can Do to Help
Did you know that the IRS is ramping up audits by nearly 50% in 2025? As tax laws become increasingly complex and enforcement measures more

Late Tax Filers in 2025: Here’s How It Could Impact Your Refund
Did you know that nearly 15 million Americans filed their taxes late in 2024, potentially jeopardizing their refunds? As we approach the tax season of

IRS Direct Deposit Refund Timeline – When Will Yours Arrive in June?
Did you know that over 90% of taxpayers prefer receiving their refunds via direct deposit? As June approaches, many are left wondering when their hard-earned

Can Real Estate be contributed by a Partner as Part of Capital?
Real estate is a valuable asset class often used in business and investment ventures. One area where its strategic value becomes evident is in partnerships.

Are State and Local Taxes Applicable for Partnerships?
Understanding state and local tax obligations is essential for partnerships aiming to remain compliant and financially healthy. While federal tax regulations provide a standardized framework

How are Distributions Taxed in a Partnership?
Distributions in a partnership involve the allocation of cash or assets from the partnership to its partners. Grasping the tax implications of these distributions is
What is Basis Tracking?
Basis tracking plays a crucial role in financial management, investment approaches, and tax obligations. This process involves keeping precise records of the original value of

What is the Basis of a Partner in a Partnership?
In business partnerships, grasping the concept of “partner’s basis” is crucial. This term refers to the amount a partner invests in the partnership, which plays