Taxes
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Feds Accuse Kansas CPA of Embezzling Money From Client to Build New Home
Mortgage Rates Climb to 7.17%
More Companies are Enhancing Strategies to Retain Key Staff During M&As
IRS Offers Final Guidance on Transfers of Credits Under Inflation Reduction Act
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%.
Corvee to Sponsor and Attend Digital CPA 2022
This conference has been a resource for over a decade for accounting professionals interested in learning about the latest ...
How to Prepare for a Recession: Make Your Accounting Firm Recession-Proof
Recession-proofing your firm is only as successful as recession-proofing your clients’ businesses. The recession will end at one point. But the client relationships you preserve will last well beyond.
The Tax Blotter – Nov. 2022
The Tax Blotter is a round-up of recent tax news and rulings.
Home Sale Gain Exclusion When a Taxpayer Remarries
Under Section 121 of the Internal Revenue Code, you may be able to exclude most, if not all, of your gain from tax when you finally sell the home.
Tax Court Imposes Limit on Capital Losses
Notably, you may use a loss to offset a short-term gain realized earlier in the year that would otherwise be taxed at a high ordinary income tax rate.