Form 709 Filing Mechanics: What Happens After the Gift Is Made
Filing Form 709 isn’t hard. Getting it right is. Most practitioners clear the initial hurdle: they know when a return is required. What trips up gift tax returns in practice is everything that happens inside the form. Schedule A is more involved than it looks. Schedule B errors carry forward indefinitely. Gift splitting creates parallel […]
529 Plans in 2026: Gift Tax Mechanics, OBBBA Expense Changes, and the Roth IRA Rollover Rules
The 529 plan OBBBA 2026 landscape sits at the intersection of education savings, gift tax planning, and estate mechanics. The basic structure is straightforward: contributions grow tax-deferred, qualified distributions come out federal income tax-free, and the account owner retains control while assets pass out of the estate. Where CPAs earn their keep is in the […]