09/03/2024
The portability election allows a surviving spouse to apply the deceased spouse's unused lifetime estate tax exclusion amount to their own transfers during life or at death, potentially reducing the amount of the surviving spouse's estate that is subject to estate tax.
Minimize a Surviving Spouse's Estate Tax: The Benefits of the Portability Election
The Form 706, also known as the United States Estate (and Generation-Skipping Transfer) Tax Return, is a critical document in estate planning and tax management.
08/30/2024
TriMergeTax - Some Friday tax knowledge for our friends and colleagues.
08/29/2024
The tax implications of being an equitable owner are significant, as they enable taxpayers to benefit from deductions that would otherwise be unavailable. Understanding equitable ownership and its tax implications can help taxpayers make informed decisions about property ownership and maximize their tax benefits.
Hidden Tax Benefits: How Equitable Ownership Can Maximize Your Mortgage Interest and Tax Deductions
Equitable ownership refers to the situation where an individual possesses the benefits and burdens of ownership of a property, even though they do not hold the legal title.
08/28/2024
Here are the September 2024 Business Due Dates
September 2024 Business Due Dates
08/28/2024
Are you earning money on Twitch or competing in major esports competitions? If so, the tax tips in this guide are for you. Read more now.
Gaming the System: Tax Essentials for Esports Competitors and Streamers
08/28/2024
Wednesday Wisdom and TriMergeTax = Success
08/27/2024
Here are the September 2024 Individual Due Date Reminders
September 2024 Individual Due Dates
Here are the September 2024 Individual Due Dates
08/27/2024
High-income taxpayers are limited in the annual amount they can contribute to a Roth IRA. However, they can circumvent the income limitations by first making a traditional IRA contribution and then converting it to a Roth IRA. Caution: serious pitfalls associated with this maneuver can result in unexpected taxable income.
Surprising Tax Impact of Converting Your Traditional IRA to a Roth IRA
Taxpayers are limited in the annual amount they can contribute to a Roth IRA.
08/26/2024
Here's some motivation for your Monday from TriMergeTax
08/24/2024
Artists, writers, and designers can deduct marketing and promotion expenses like website hosting, advertising, and portfolio development.