IRS First Responder?
Here’s how long it took for the IRS to respond to Hurricane Idalia.
IRS guidance
New IRS Ruling on IDGTs
A device often useful in estate planning goes by the peculiar name intentionally defective grantor trust, or IDGT. The terms of the trust are crafted to prevent the grantor (the wealthy individual who funded the trust) from being considered the owner for purposes of the estate tax. The income tax rules, however, treat the grantor …