Julia Kagan is a financial/consumer journalist and former senior editor, personal finance, of Investopedia. David Kindness is a Certified Public Accountant (CPA) and an expert in the fields of ...
The Tax Court released the Furrer case this week and it shows that farmers must be very careful to follow the Charitable Remainder Trust rules. If not, the penalty can be very high income taxes, ...
Issues arise when taxpayers claim positions generating benefits that arguably exceed those contemplated by Congress and the IRS. When this occurs, enforcement actions begin, and participating ...
What you say? Darn accountants use silly acronyms almost as bad as NASA. A CRAT stands for “Charitable Remainder Annuity Trust.” Basically, a CRAT is a type of charitable remainder trust which is ...