Taxes
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The 2024 Readers Choice Awards
Gen Z and Millennials Are Optimistic and Focused on Purpose in Job Satisfaction Survey
U.S. Wineries Hopeful about Sustained Sales Growth Over Next 5 Years
IRS Adds Security Protections for CAF Program, Transcript Requests
New EV Tax Credits OK for Leased Vehicles, Treasury Guidance Says
It goes against the wishes of Sen. Joe Manchin, who asked Treasury not to allow leased vehicles to qualify.
IRS Updates FAQs on Form 1099-K
The IRS is treating calendar-year 2022 as a transition year for the reduced reporting threshold of more than $600.
Marijuana and Workplace Law in 2023
In stark opposition to federal law, the rapid proliferation of state marijuana laws has made maintaining legally compliant drug policies a major task for most employers.
Big Changes for Retirement Plans; RMD Age Raised to 73 in 2023
SECURE 2.0 increases the age for RMDs to 73, beginning on January 1, 2023, and to age 75 on January 1, 2033, for certain individuals. In addition, it reduces or entirely eliminates the excise tax imposed for not taking RMDs.
Ways and Means to Make Trump’s Tax Returns Public on Dec. 30
The documents are expected to include his tax returns filed between 2015 and 2021.
IRS and Treasury Release Guidance on Corporate Stock Repurchase Excise Tax
Notice 2023-2 provides interim guidance regarding this tax provision in the Inflation Reduction Act.
IRS, Treasury Issue Interim Guidance for New Corporate Alternative Minimum Tax
The corporate alternative minimum tax was created by the Inflation Reduction Act enacted last summer.
How to Max Out the Gift Tax Exclusion
When possible, limit your lifetime gift-giving to amounts covered by the annual gift tax exclusion.