News
Monday July 6, 2026
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Our News
Thank you for your interest in La Sierra University. Our hope is to serve you and your family with helpful information.More |
Savvy Living
My parent, who has dementia, recently moved into an assisted living facility that does not allow pets. I am thinking...More |
Washington News
The Treasury Department and the Internal Revenue Service (IRS) recently issued guidance regarding the new child IRA accounts, also known as "Trump Accounts." In Revenue Procedure 2026-25, the IRS created a gift tax reporting safe harbor that eliminates a significant administrative concern surrounding contributions to these accounts.
According to the guidance, qualifying contributions by individuals to these accounts will not require the filing of a federal gift tax return, provided certain conditions are satisfied. This guidance is intended to reduce compliance burdens on parents, grandparents and others who wish to contribute to a child's account.
“By granting this relief, the IRS has responded to concerns raised by taxpayers who planned to make contributions to a Trump account but worried such donations would trigger the gift tax reporting rules,” said IRS...More |
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Personal Planner
Bill: "Every year I pay income tax. And when I pass away my estate will owe tax. But I was absolutely stunned today...More |
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