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Question: Erek made contributions to his Roth IRA in 2020, 2021 and 2022. He later found out his modified AGI was over the limit, so
Stay ahead: navigating NOLs and carryforwards strategies
Being able to carry net operating losses forward and backward is a significant benefit the tax code provides businesses. However, the process for claiming and
IRS targeting some CRATs as listed transactions
The IRS has proposed regulations that would classify some charitable remainder annuity trusts (CRATs) as listed transactions. If finalized, the regulations would bar taxpayers from
Amended returns – everything you need to know
Knowing how to amend a tax return is an essential skill tax pros need for those situations where they must rectify mistakes, claim missed deductions,
You make the call
Question: The Mmbaga family owns a strip mall in Dallas, Texas. There are five family members who each own 20%. Ezekiel, the father, is elderly,
From taxes to trust: leveraging defined benefit plans to strengthen client relationships
“I want to run something by you,” Gary said. He settled into the slick leather chair directly across from Charlie, his tax consultant for the