Taxes
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Number of the Day: 52.2
Sovos Fortifies U.S.- Based DBNAlliance to Enhance Seamless Global Business Networks
IRS Forms New Office to Help People Settle Their Tax Disputes More Quickly
Bipartisan Bill Would Force IRS to Fix Issues With Math Error Notices
As FTX Burned, Lawmakers Said to Be Dithering Over Regulator
The central debate about regulation of cryptocurrencies is whether they are securities or commodities.
Beware of Scammers Using Zelle
Fraudsters will call the user under the guise of reversing the unauthorized transaction. The scammer then asks for the victim’s username and password to verify their identity and transfers money out of their account.
IRS Increases Interest Rates for Q1 2023
For individuals, the rate for overpayments and underpayments will be 7% per year, up from 6%.
Marcum Issues 2022 Year-End Tax Guide
The 96-page report includes two dozen articles and a compendium of reference tables highlighting tax planning opportunities based on changes in tax law this year.
Report: Tax Prep Websites Sent Clients’ Financial Data to Facebook
Taxpayers’ financial information was being transmitted through a widely used code called the Meta Pixel.
Fannie Mae and Freddy Mac to Back Mortgages Up to $1 Million
The federal government plans to back mortgages of more than $1 million, catching up with the dramatic rise in U.S. home prices in recent years.
IRS: Don’t Fall for Scams on Giving Tuesday
Be aware of scammers using fake charities to commit fraud on well-intentioned donors.
How to Salvage a Partial Home Sale Exclusion
Under the current rules, a short-term gain on property held for a year or less is taxed at ordinary income rates topping out at 37%.