Tag: 2026

The choice of filing method is up to the trustee, but if you’re already reporting the rental income on Schedule E of the grantor’s 1040 using Optional Method 1, then no Form 1041 is required. When you transfer assets into an irrevocable grantor trust, the grantor remains responsible for all income taxes on the trust’s income,…

For decades, taxpayers trusted a simple rule: if you mailed a tax return or payment by the deadline, the IRS treated it as timely filed. Recent U.S. Postal Service (USPS) practices have changed that reality and created a serious trap for anyone who relies on last-minute mailing. Today, the USPS often applies postmarks at regional…

2026 SUI rate for Payroll North Carolina’s 2026 State Unemployment Insurance (SUI) rates have already been made available to employers. The official Notice of Unemployment Tax Rate Assignments for 2026 were sent via NCSUITS on November 17, 2025.  You should have been mailed the information… please forward a copy of the letter to our office for our…