Individual Income Tax Update
A larger percentage of
US Savings Bonds matured many years ago and are now being cashed by the owners
or heirs. Is the interest from income bonds matured in years closed by the
statute of limitations taxable in the current year? In addition, the DPAD
(Domestic Production Activity Deduction) is now 9% and can provide a significant
deduction to qualified taxpayers. Are we missing this deduction on small
business returns?
- Learn key highlights regarding the de minimis Safe
Harbor Election and Small Taxpayer Safe Harbor Election on Rental Property IRS
Notice 2015-82
- Learn whether Matured Series E and EE Savings Bond Interest Income is
taxable
Christopher Bird, CFP - President, Chris Bird Seminars,
Inc., Urbana, IL
FOS: 2 Taxation, 1.5 CLE, 2 CFP, 2 EA