{"id":3578,"date":"2024-02-12T12:35:39","date_gmt":"2024-02-12T17:35:39","guid":{"rendered":"https:\/\/stage.tbkdev.com\/dev\/davismartindale.com\/src\/?p=3578"},"modified":"2024-02-15T09:36:40","modified_gmt":"2024-02-15T14:36:40","slug":"expanded-trust-reporting-rules-for-2024","status":"publish","type":"post","link":"https:\/\/stage.tbkdev.com\/dev\/davismartindale.com\/src\/expanded-trust-reporting-rules-for-2024\/","title":{"rendered":"Expanded Trust Reporting Rules for 2024"},"content":{"rendered":"<div class=\"wpb-content-wrapper\"><p>[vc_row][vc_column][basic_container container_size=&#8221;container container-narrow&#8221; bg_overlay=&#8221;overlay-light&#8221;][vc_column_text]<\/p>\n<p style=\"text-align: center;\">New rules effective for trusts with<strong> years ending on or after December 31, 2023<\/strong> will require enhanced disclosure and most trusts will be required to file a tax return.<\/p>\n<p style=\"text-align: center;\">The new disclosure rules apply to trust-like relationships whereby a person holding legal title to an asset differs from the beneficial owner, commonly known as a bare trust. <strong>There are significant penalties for noncompliance.<\/strong> View our summary for important deadlines and details.<\/p>\n<p style=\"text-align: center;\"><em>Please click on the image to view the full document and download the PDF.<\/em><\/p>\n<p>[\/vc_column_text][\/basic_container][basic_container container_size=&#8221;container container-narrow&#8221;][vc_single_image image=&#8221;3606&#8243; img_size=&#8221;large&#8221; add_caption=&#8221;yes&#8221; alignment=&#8221;center&#8221; style=&#8221;vc_box_shadow&#8221; onclick=&#8221;custom_link&#8221; img_link_target=&#8221;_blank&#8221; link=&#8221;https:\/\/stage.tbkdev.com\/dev\/davismartindale.com\/src\/app\/uploads\/2024\/02\/24-1491-2024-Trust-Reporting-Rules-Feb-15.pdf&#8221;][vc_empty_space][\/basic_container][basic_container container_size=&#8221;container container-narrow&#8221; bg_type=&#8221;solid&#8221; bg_color=&#8221;bg-light&#8221;][vc_empty_space][vc_column_text]<\/p>\n<h5>Check out these other resources on expanded trust reporting:<\/h5>\n<ul>\n<li><a href=\"https:\/\/dfk.ca\/newsletters\/view\/the-new-trust-filing-rule-could-be-a-real-bare-to-deal-with\">The New Trust Filing Rule Could be a Real \u201cBare\u201d to Deal With<\/a> &#8211; <em>DFK Tax Digest, 2023 Issue Four.<\/em><\/li>\n<\/ul>\n<p>[\/vc_column_text][vc_empty_space][\/basic_container][\/vc_column][\/vc_row][vc_row][vc_column][vc_empty_space][basic_container]<div class=\"post-listing blogs-items blogs-no-category-sidebar blogs-items-layout-\"\">\r\n\t\t\t\t\t\t\t\t\t<a class=\"post-listing__item\" href=\"https:\/\/stage.tbkdev.com\/dev\/davismartindale.com\/src\/2023-usa-personal-income-tax-checklist\/\">\r\n\t\t\t\t<div>\r\n\t\t\t\t\t\r\n\t\t\t\t\t<h2 class=\"h3 post-listing__item__title\">\r\n\t\t\t\t\t\t2023 USA Personal Income Tax Checklist\t\t\t\t\t<\/h2>\r\n\r\n\t\t\t\t\t\t\t\t\t\t\t<div class=\"post-listing__item__meta\">\r\n\t\t\t\t\t\t\tFebruary 12, 2024\t\t\t\t\t\t<\/div>\r\n\t\t\t\t\t\r\n\t\t\t\t\t<p>Our 2023 USA Personal Income Tax Checklist can be used to help gather your documents and send us necessary information for completing your tax return. ...<\/p>\n\t\t\t\t<\/div>\r\n\t\t\t\t\t\t\t\t\t<span class=\"btn btn-primary btn-sm post-listing__item__button\">Read More<\/span>\r\n\t\t\t\t\t\t\t<\/a>\r\n\t\t\t\t\t\t\t\t<a class=\"post-listing__item\" href=\"https:\/\/stage.tbkdev.com\/dev\/davismartindale.com\/src\/2023-canadian-personal-income-tax-checklist\/\">\r\n\t\t\t\t<div>\r\n\t\t\t\t\t\r\n\t\t\t\t\t<h2 class=\"h3 post-listing__item__title\">\r\n\t\t\t\t\t\t2023 Canadian Personal Income Tax Checklist\t\t\t\t\t<\/h2>\r\n\r\n\t\t\t\t\t\t\t\t\t\t\t<div class=\"post-listing__item__meta\">\r\n\t\t\t\t\t\t\tFebruary 12, 2024\t\t\t\t\t\t<\/div>\r\n\t\t\t\t\t\r\n\t\t\t\t\t<p>Our 2023 Canadian Personal Income Tax Checklist can be used to help gather your documents and send us necessary information for completing your tax return. ...<\/p>\n\t\t\t\t<\/div>\r\n\t\t\t\t\t\t\t\t\t<span class=\"btn btn-primary btn-sm post-listing__item__button\">Read More<\/span>\r\n\t\t\t\t\t\t\t<\/a>\r\n\t\t\t\t\t\t\t\t<a class=\"post-listing__item\" href=\"https:\/\/stage.tbkdev.com\/dev\/davismartindale.com\/src\/employees-working-from-home-in-2023\/\">\r\n\t\t\t\t<div>\r\n\t\t\t\t\t\r\n\t\t\t\t\t<h2 class=\"h3 post-listing__item__title\">\r\n\t\t\t\t\t\tEmployees Working from Home in 2023\t\t\t\t\t<\/h2>\r\n\r\n\t\t\t\t\t\t\t\t\t\t\t<div class=\"post-listing__item__meta\">\r\n\t\t\t\t\t\t\tFebruary 12, 2024\t\t\t\t\t\t<\/div>\r\n\t\t\t\t\t\r\n\t\t\t\t\t<p>Employees who have worked from home more than 50% of the time for at least four consecutive weeks in 2023 may be eligible to claim ...<\/p>\n\t\t\t\t<\/div>\r\n\t\t\t\t\t\t\t\t\t<span class=\"btn btn-primary btn-sm post-listing__item__button\">Read More<\/span>\r\n\t\t\t\t\t\t\t<\/a>\r\n\t\t\r\n\t\t\t\t\t<div class=\"blogs-paging\">\r\n\t\t\t\t<div class=\"nav-previous\"><\/div>\r\n\t\t\t\t<div class=\"blog-page-count\">\r\n\t\t\t\t\t<a class=\"page-count-link\" href=\"https:\/\/stage.tbkdev.com\/dev\/davismartindale.com\/src\/wp-json\/wp\/v2\/posts\/3578\/\">1<\/a><a class=\"page-count-link\" href=\"https:\/\/stage.tbkdev.com\/dev\/davismartindale.com\/src\/wp-json\/wp\/v2\/posts\/3578\/page\/2\/\">2<\/a><a class=\"page-count-link\" href=\"https:\/\/stage.tbkdev.com\/dev\/davismartindale.com\/src\/wp-json\/wp\/v2\/posts\/3578\/page\/3\/\">3<\/a><a class=\"page-count-link\" href=\"https:\/\/stage.tbkdev.com\/dev\/davismartindale.com\/src\/wp-json\/wp\/v2\/posts\/3578\/page\/4\/\">4<\/a><a class=\"page-count-link\" href=\"https:\/\/stage.tbkdev.com\/dev\/davismartindale.com\/src\/wp-json\/wp\/v2\/posts\/3578\/page\/5\/\">5<\/a><a class=\"page-count-link\" href=\"https:\/\/stage.tbkdev.com\/dev\/davismartindale.com\/src\/wp-json\/wp\/v2\/posts\/3578\/page\/6\/\">6<\/a><a class=\"page-count-link\" href=\"https:\/\/stage.tbkdev.com\/dev\/davismartindale.com\/src\/wp-json\/wp\/v2\/posts\/3578\/page\/7\/\">7<\/a><a class=\"page-count-link\" href=\"https:\/\/stage.tbkdev.com\/dev\/davismartindale.com\/src\/wp-json\/wp\/v2\/posts\/3578\/page\/8\/\">8<\/a><a class=\"page-count-link\" href=\"https:\/\/stage.tbkdev.com\/dev\/davismartindale.com\/src\/wp-json\/wp\/v2\/posts\/3578\/page\/9\/\">9<\/a><a class=\"page-count-link\" href=\"https:\/\/stage.tbkdev.com\/dev\/davismartindale.com\/src\/wp-json\/wp\/v2\/posts\/3578\/page\/10\/\">10<\/a><a class=\"page-count-link\" href=\"https:\/\/stage.tbkdev.com\/dev\/davismartindale.com\/src\/wp-json\/wp\/v2\/posts\/3578\/page\/11\/\">11<\/a><a class=\"page-count-link\" href=\"https:\/\/stage.tbkdev.com\/dev\/davismartindale.com\/src\/wp-json\/wp\/v2\/posts\/3578\/page\/12\/\">12<\/a><a class=\"page-count-link\" href=\"https:\/\/stage.tbkdev.com\/dev\/davismartindale.com\/src\/wp-json\/wp\/v2\/posts\/3578\/page\/13\/\">13<\/a><a class=\"page-count-link\" href=\"https:\/\/stage.tbkdev.com\/dev\/davismartindale.com\/src\/wp-json\/wp\/v2\/posts\/3578\/page\/14\/\">14<\/a><a class=\"page-count-link\" href=\"https:\/\/stage.tbkdev.com\/dev\/davismartindale.com\/src\/wp-json\/wp\/v2\/posts\/3578\/page\/15\/\">15<\/a>\t\t\t\t<\/div>\r\n\t\t\t\t<div class=\"nav-next\"><a href=\"https:\/\/stage.tbkdev.com\/dev\/davismartindale.com\/src\/wp-json\/wp\/v2\/posts\/3578\/page\/2\/\" >Next<\/a><\/div>\r\n\t\t\t<\/div>\r\n\t\t\t<\/div>\r\n[\/basic_container][vc_empty_space][\/vc_column][\/vc_row]<\/p>\n<\/div>","protected":false},"excerpt":{"rendered":"<p>[vc_row][vc_column][basic_container container_size=&#8221;container container-narrow&#8221; bg_overlay=&#8221;overlay-light&#8221;][vc_column_text]<\/p>\n<p style=\"text-align: center;\">Employees who have worked from home more than 50% of the time for at least four consecutive weeks in 2023 may be eligible to claim a deduction for home office expenses. Follow the attached &hellip; [&#8230;]<\/p>\n","protected":false},"author":332,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[20],"tags":[],"class_list":["post-3578","post","type-post","status-publish","format-standard","hentry","category-tax-resources"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v23.9 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Expanded Trust Reporting Rules for 2024 - Davis Martindale<\/title>\n<meta name=\"robots\" content=\"noindex, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Expanded Trust Reporting Rules for 2024 - Davis Martindale\" \/>\n<meta property=\"og:description\" content=\"[vc_row][vc_column][basic_container container_size=&#8221;container container-narrow&#8221; bg_overlay=&#8221;overlay-light&#8221;][vc_column_text] Employees who have worked from home more than 50% of the time for at least four consecutive weeks in 2023 may be eligible to claim a deduction for home office expenses. 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