Taxpayers affected by three recently reinstated deductions need to wait until mid- to late February to file their individual tax returns, allowing the IRS time to reprogram its processing systems.
Mrs. Edwards’ estate plan highlights two important non-tax benefits of using a Revocable Trust to own and distribute assets after death.
Failure to address the problem could result in significant losses to the federal government as the questionable refunds issued to nonresident aliens are high and the probability of recovering fraudulent refunds from nonresidents living outside the U.S. very low.