IRS

Word AMENDMENT composed of wooden letters. Closeup
Tax blog
Team iFindTaxPro

Amending Your Tax Return: Form 1040-X and Deadlines

Discover how to correct errors and make amendments to your recent tax return using Form 1040-X. If you’ve identified errors or omissions in your 2022 tax return, there’s no need to worry. You can rectify these mistakes by filing Form

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handshake to represent the agreement between President Biden and Speaker of the House.
Tax blog
iFind Taxpro

Debt Limit Deal: Key Actions and Impacts

Biden and McCarthy have agreed to raise the debt ceiling and avoid default and economic uncertainty.  President Joe Biden and Speaker of the House Kevin McCarthy have reached an agreement. This will raise the debt ceiling and avoid economic uncertainty.

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Life Settlement Taxation at the Federal and State Levels.
Tax blog
Team iFindTaxPro

Life Settlement Taxation at the Federal and State Levels.

Implications for Policyholders and Financial Reorganization Strategies Selling policyholders life settlement were subject to a greater tax burden due to the lower cost basis because proceeds up to the policyholder’s cost basis are not subject to taxation. As record-high inflation

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