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529 EDUCATION PLAN CHANGES IN 2024:
Money put into a 529 grows tax-free at federal and state levels. There is no federal tax advantage for the contributions, but some states do offer tax breaks.

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FORM 3911, TAXPAYER STATEMENT REGARDING REFUND:
If you have not heard of Form 3911 you are not alone.

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SECURE ACT 2.0 – WHEN DOES THE RMD START?
The law provided for a longer starting age for required minimum distributions (RMDs) to age 73, effective January 1, 2023. The starting age will jump to 75 effective January 1, 2033.

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CHARITABLE DEDUCTION FOR CLOTHING – NEW COURT CASE:
In Bass, TC Memo 2023-41, 3/27/23, the court upheld the requirement for an independent appraisal if the non-cash donation exceeds $5,000 and how that is defined.

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IMPROVING NATIONWIDE ACCESS TO IRS APPEALS; PUBLIC INPUT WANTED:
The Internal Revenue Service Independent Office of Appeals is soliciting public input on how best to improve access to Appeals for taxpayers who do not live near an Appeals office.

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IRS EMBRACING STAKEHOLDERS:
Note from the Editor: As your IRS liaisons, both myself and Board president, Keith Huebel, interact with the IRS management staff on a regular basis.

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IRS EVALUATING A DIRECT FILE OPTION FOR TAXPAYERS:
Note from the Editor: We are aware of the discussions surrounding this action by the IRS, however, it is a mandate by Congress through the Inflation Reduction Act.

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SPECIAL EVENTS TO BE OFFERED AT THE IRS NATIONAL TAX FORUMS:
Note from Editor: NSTP will be participating in the Monday panel discussion – Tax Pro & Entrepreneur: Unleashing Your Potential in the Tax Industry.

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