IRS to Use ‘Digital Assets’ Instead of ‘Virtual Currency’ on 2022 Forms 1040
A question regarding digital assets must be answered by all taxpayers on their 2022 income tax returns.
A question regarding digital assets must be answered by all taxpayers on their 2022 income tax returns.
Several GOP-led states sued after President Biden signed the American Rescue Plan Act into law in 2021.
Short-term rental hosts that don’t already have an Arizona transaction privilege tax (TPT) license will need to obtain one from the Arizona Department of Revenue. A local business license may also be required.
Five of the 13 states where groceries were taxed as of last Jan. 1 passed laws to eliminate or ease the pinch.
Latest filing from Trump’s lawyer cited the TRUST Act and the recent change in political circumstances.
House Republicans recently introduced “Fair Tax” legislation that will likely stall in the Senate.
Tax pros and educators agree: Even with this year’s increase from $250 to $300, the deduction falls short.
Refund amounts are expected to fall this year due to the end of pandemic-related tax breaks.