When someone passes away or a trust becomes active, tax compliance is rarely the first thing on a family’s mind. Yet for trustees, executors, and corporate fiduciaries, estate and trust tax obligations can become immediate and complex.
Category: Taxes
What Is Cost Segregation?
Cost segregation is an engineering-based analysis that identifies and reclassifies certain building components into shorter tax recovery periods.
IRS Notice CP53: What It Means and What to Do Next
If you’ve recently received an IRS Notice CP53, you’re not alone, and you’re right to pause before taking action. At Froehling Anderson, we’re seeing an increase in questions from individuals and business owners regarding this notice.
Tax Credits You Might Be Missing This Filing Season
As a business owner, tax season can feel like a whirlwind of deadlines, forms, and financial decisions. But it’s also one of the most valuable opportunities to uncover meaningful tax savings, especially if you know which credits to look for.
Deadline Tips & Forms: What to Double Check Before You File
Avoid IRS notices, missed refunds, and stress with these final checks.
Understanding PFICs & Form 8621
What You Need to Know About the Trump Accounts
As you may be aware, recent tax law changes have introduced a new savings vehicle for children called a Trump account.
