Taxes April 28, 2026
The Treasury Department said on April 23 that the IRS is planning revisions to Form 990 intended to discover misconduct at tax-exempt organizations and hold fraudsters accountable.
Tax Planning December 29, 2023
Depending on your situation, you might elect to forgo preferential tax treatment on certain long-term capital gains and qualified dividends in favor of deducting investment interest expenses.
Taxes December 28, 2023
Under the “ordering rules” established under IRS regulations, most of the payout of a nonqualified Roth distribution may be tax-free anyway—maybe even all of it.
Taxes December 27, 2023
The annual gift tax exclusion allows you to gift up to a specified amount to each recipient each year without any gift tax liability.
IRS December 27, 2023
Businesses interested in taking advantage of the voluntary disclosure program have until March 22, 2024, to apply.
Taxes December 27, 2023
The Inflation Reduction Act (IRA) of 2022 provides a production credit for each kilogram of qualified clean hydrogen produced by a taxpayer at a qualified clean hydrogen production facility.
Taxes December 19, 2023
The IRS has hit the restart button on sending out automated collection notices, ending a two-year hiatus because of the COVID-19 pandemic.
Taxes December 15, 2023
The corporate AMT imposes a 15% minimum tax on the adjusted financial statement income of large corporations.
Taxes December 14, 2023
U.S. officials will take money away from FTX victims unless a judge rejects the government’s demand for $24 billion in unpaid taxes.
IRS December 14, 2023
The optional standard mileage rate for business use of a vehicle will increase 1.5 cents from 2023, the IRS said on Thursday.
IRS December 13, 2023
Expected to occur in early 2024, this is the first leadership reorganization at the tax agency in more than two decades.
Taxes December 12, 2023
Biden’s lawyers argue that all gun and tax charges should be dropped because their client has immunity under a deal he struck in July.
IRS December 11, 2023
In September, the IRS pressed pause on the ERC program until at least the end of this year due to a wave of fraudulent claims.