IRS Annual Gift Limit 2026: Exclusion, Lifetime Exemption and Key Rules
Tax planning is not just for the wealthy; it's essential for everyone who wants to secure their family's future. When...
IRS Proposes New Voluntary Disclosure Practice Rules to Help Taxpayers Fix Past Mistakes
The Internal Revenue Service recently issued a proposal seeking public comments on changes to its Voluntary Disclosure Practice. It is...
IRS Clarifies Section 163(j) Business Interest Deduction Rules Under OBBBA
On December 23, 2025, the Internal Revenue Service, through a fact sheet, provided answers to frequently asked questions regarding the...
IRS Updates Premium Tax Credit Rules: What Changes After One Big, Beautiful Bill
On December 23, 2025, the IRS released the FAQs for the Premium Tax Credit under the One Big Beautiful Bill....
Does a Trust Need a Tax ID Number? Understanding Trust Tax Requirements
In the US, people usually manage and protect their assets and money through the creation of a trust. Trusts are...
Does a Trust Require a Tax ID (EIN)? Everything You Need to Know
Many people choose to protect and manage their assets or money through trusts. It is a legal entity, may generate...
Obtain a Tax ID (EIN) Number and Register Your Business in Connecticut
Are you starting a business in Connecticut, US? You must start your business by giving it legal entity status to...
Form a Business in Minnesota and Get a Tax ID (EIN) Number
Want to form a business in Minnesota? Then, begin by registering your business with the Secretary of State to get...
Obtain a Tax ID (EIN) Number and Register Your Business in Oregon
Oregon is one of the five US states that do not have a sales tax within the state. So, if...
What is a Revocable Trust? | IRS Definition of a Trust
Trust is a unique and effective way of protecting assets and money; however, it is categorized into revocable and irrevocable...