The first part of this three-part series explored changes to irrevocable trusts using judicial or nonjudicial modification Are Irrevocable Trusts Really Irrevocable – Part I. The second part examined decanting Are Irrevocable Trusts Really Irrevocable – Part II, and this final part in the series reviews the use of a Trust Protector to modify an otherwise irrevocable trust. [more]

For homeowners, rising housing prices will lead to larger-than-ever gains on the sale of a home, creating more instances where the maximum home sale gain exclusion may be surpassed and result in taxable gains. [more]

The AICPA’s 2025 tax priorities include increasing the reporting threshold for Form 1099-K to $10,000 from the $600 that would go into effect next year, according to a letter Monday to congressional finance leaders. [more]

Understanding the tax implications of your real estate investments can significantly impact your financial outcomes. Brian Moss, a senior tax associate with MP CPAs shares valuable insights about the distinction between passive and non-passive rental income [more]