Which States Can Tax Your Trust?
Imagine that you are a taxpayer living in Pennsylvania who has recently established a trust for the benefit of your Ohio-resident children. Further imagine
Administrative Expenses for Trusts and Estates Will Remain Deductible
The Internal Revenue Service (the “IRS”) has announced in Notice 2018-61 (the “Notice”) that it plans to issue regulations clarifying
IRS Grants Temporary Relief for Late Portability Elections
The Tax Relief, Unemployment Insurance Reauthorization, and Job Creation Act of 2010 introduced a new concept known as “portability” to the
IRS to Begin Using Private Debt Collectors
Taxpayers with long-overdue federal tax obligations should be aware of a new weapon in the Internal Revenue Service’s (the “IRS”) tax