Uncategorized Archives - Page 22 of 22 - The Trust Company of Kansas

Learn more about how The Trust Company of Kansas is responding to concerns about coronavirus (COVID- 19) Click here

Learn more about how The Trust Company of Kansas is responding to concerns about coronavirus(COVID-19)Click here

Due Date for Federal Income Tax Returns and Payments Postponed to July 15

Martha L. Linsner

Due to the coronavirus pandemic, the due date for filing federal income tax returns and making tax payments has been postponed by the IRS from Wednesday, April 15, 2020, to Wednesday, July 15, 2020. No interest, penalties, or additions to tax will be incurred by taxpayers during this 90-day relief period for any return or […]

Generosity and Taxes

Angela Malley

Commencement speaker Robert Smith surprised the graduating seniors at Morehouse College in May when he announced that he would pay off all of their student loans. What are the tax implications of this magnanimous gesture? Potential gift taxes The value of Smith’s gift has been estimated at $40 million, for some 400 graduating seniors, about […]