September 22, 2020

Final regs. outline trust and estate expenses still deductible under TCJA


The IRS issued final regulations for distinguishing trusts’ and estates’ allowable deductions from miscellaneous itemized deductions currently suspended by the law known as the Tax Cuts and Jobs Act.
Source: The Tax Adviser

Tagged:
[mapsmarker marker="1"]

YEAR ROUND ACCOUNTING SERVICES

Big or small, we’ve got a solution when you need it. Our tailored accounting services and outstanding team provide step-by-step support and outstanding customer satisfaction.