Ines Zemelman

Trump Accounts represent one of the most significant changes to family tax planning in decades. These government-backed savings accounts combine elements of traditional retirement accounts with unique rules designed to build long-term wealth for the next generation. If you're wondering how to open a Trump account for your newborn or how...

IRS Form 1099-A is a notice from your lender that they took back your property (like a home or car) through foreclosure or repossession, or that they believe you abandoned it. It shows the date this happened, how much you still owed, and the property’s estimated value - information you may need to figure out any tax gain or loss. ...

When you go through a divorce, you and your ex-spouse will need to come up with an agreement to fairly divide your assets. Since marriage is really a financial partnership, the divorce should ideally split everything in half. A big part of this process could be to decide on alimony payments. If you’ve agreed on alimo...

When a lender cancels or forgives your debt, it might feel like financial relief – until you receive Form 1099-C in the mail. At this point, you may have several questions: Do I have to pay taxes on canceled debt? Where do I report Form 1099-C on my tax return? Are there ways to a...

The United States does not impose federal income tax on foreign inheritance received by US citizens or residents. In simple terms, money or property received from abroad is usually not taxed when it comes in. However, foreign inheritances over $100,000 must be reported to the IRS using Form 3520, and any income earned from inherited assets is tax...

Filing a tax extension gives you until October 15, 2026, to submit your federal tax return instead of the April 15 deadline. The extension is automatic, free to file, and approved instantly using IRS Form 4868. File online in 5 minutes through IRS Free File or mail a paper form. Important: An extension to file is not an...