Blog Posts
Final Return (Decedent’s Final Form 1040)
Concise Takeaway A decedent’s final Form 1040 reports income up to the date of death. Filing status, income inclusion, deductions, credits, IRD rules, and signature requirements all follow specific IRS procedures. When a Final Return Is Required A final income tax...
Filing Deadlines and Extensions
Concise Takeaway Most individual tax returns are due April 15, with automatic extensions...
Due Diligence Requirements for Certain Tax Benefits & Disallowance Rules
Concise Takeaway Paid tax return preparers must follow strict due diligence rules when preparing...
Excess Social Security and Tier 1 RRTA Tax Withheld
Concise Takeaway When a taxpayer has too much Social Security or Tier 1 RRTA tax withheld, the...
Energy Efficient and Clean Energy Credits
Energy Efficient Home Improvement Credit Taxpayers who install qualified energy‑efficient...
Foreign Tax Credit
Concise Takeaway The Foreign Tax Credit allows taxpayers to reduce U.S. income tax when they pay...
Premium Tax Credit (PTC)
Concise Takeaway The Premium Tax Credit helps eligible individuals and families afford Marketplace...
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