Ines Zemelman

It is a payer or issuer reporting flag, not a box you complete yourself. In current IRS instructions, the 1099 FATCA filing requirement box is tied to chapter 4 account-reporting rules, which are part of FATCA. ...

When it comes to taxes, US citizens living abroad often ask the same question: Should I itemize my deductions or take the standard deduction? Schedule A (Form 1040) is a valuable tool for taxpayers who want to maximize their deductions by list...

Having covered the full mechanics of the Trump Account, its comparison with 529, what to do when your child turns 18, down to the exit strategies in case you are no longer interested, article 8 in our ...

This article compares Trump Accounts to the traditional ways families have saved for children: regular savings accounts, UGMA/UTMA custodial accounts, and trusts. The question every parent asks I can already open a savings account in my child's name at any bank. I can set up a custodial account. I can create a trust.&nbs...

Previously in this series, Articles 1–5 covered filing urgency, account mechanics, tax treatment, age 18 transitions, and comparisons with 529 plans. Now we turn to flexibility. What happens if your plans change? Understanding your exit options is essential before making long-term commitments. ...

Previously in this series: Articles 1–2 covered why to act now and how Trump Accounts work mechanically. The tax treatment paradox Trump Accounts occupy an unusual middle ground in the tax-advantaged account landscape: ...