There was some rain on the parade of celebration of the student loan debt forgiveness. The Tax Foundation, perhaps with a touch of schadenfreude, announced that the forgiveness, not federally taxable due to recent legislation, might be taxable in as many as thirteen states. They have taken a closer look and backpedaled quite a bit. It is now down to four states Minnesota, Mississippi, North Carolina and Wisconsin and those are not for sure. But, there is likely another way out for many of the recipients of this boon. Keep reading to learn more!
Tax season is always demanding. But what comes after? As a dedicated tax professional, it’s crucial to continually enhance your practice and adapt to an ever-changing landscape.
Introducing the Beyond the Returns Series – an in-depth suite of four live webinars designed to transform your firm’s future.
• Navigate the complexities of practice mechanics.
• Achieve a fulfilling balance between home and work.
• Dive deep into the imperatives of security and liability.
• Strategize your firm’s life cycle, from inception to retirement.
Led by industry veterans, Amber Gray-Fenner, EA, NTPI Fellow, USTCP and Matt Metras, EA, this series promises actionable insights to ensure you’re well-prepared for the 2024 filing season and the years to come.
Don’t miss out on this opportunity to redefine and rejuvenate your tax practice.