When filing a Form 1041 for a grantor trust, no numbers are put on the form. The income and expenses are not netted together. The trust issues a Grantor letter, not a K-1. The grantor letter reports ...
Nice job of work, Mark! Bill ------------------------------ William Delaney EA billdelaneyea@gmail.com Westwood MA (781) 551-9252 ------------------------------
Sondra, I would not pretend, of my own knowledge, to have the answer, but see the attached article, especially page 10. You apparently need to determine if the sale falls into the taxable parameters ...
Jessica L. Jeane, J.D. Director of Public Policy & Communications November 23, 2020 Treasury and the IRS have released final regulations for section 1031 like-kind exchanges. The final rules, T.D. 9935 , released on November 23, address the Tax ...
Jessica L. Jeane, J.D. Director of Public Policy & Communications November 20, 2020 Currently, the IRS has approximately three million pieces of mail and one million returns that remain unprocessed, IRS Commissioner Charles “Chuck” Rettig said. ...
Jessica L. Jeane, J.D. Director of Public Policy & Communications November 18, 2020 Treasury and the IRS have released two pieces of guidance on the tax treatment of expenses paid for with a Paycheck Protection Program (PPP) loan. Rev. Rul. ...
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