Taxes August 21, 2023
1031 exchanges continue to be popular with landowners because of their ability to maximize value for landowners while ensuring a more favorable post-tax financial outcome.
Taxes August 19, 2023
This IRS relief is available to all residents and businesses in any area designated by the Federal Emergency Management Agency (FEMA).
August 18, 2023
The shooting occurred Thursday morning at a federal prison’s gun range during routine interagency exercises.
Taxes August 15, 2023
The IRS says this electronic option removes a step in the paper process, which saves time and eases the burden on international taxpayers.
Taxes August 14, 2023
You just welcomed a new bundle of joy into the world. But once the euphoria has worn off, you’ll start to realize—if you haven’t already—that kids are expensive.
Taxes August 14, 2023
Many limitations have been placed on traditional tax shelters over time, but the benefits of “irrevocable life insurance trusts” (ILITs) remain intact.
Taxes August 11, 2023
The system is currently used by major tax agencies around the world, including the Internal Revenue Service's Criminal Investigation Division and multiple states' tax authorities in the U.S.
Taxes August 11, 2023
The IRS has concerns that employee stock ownership plans are being used by some wealthy taxpayers as a tax avoidance tool.
Taxes August 11, 2023
Points paid on a new mortgage are fully deductible if you meet certain tax law requirements. Notably, the acquisition debt must be secured by your principal residence and ...
Taxes August 11, 2023
At-risk freshmen and centrist groups in the GOP view the child credit as an important policy tool that has across-the-aisle support.
Taxes August 10, 2023
A new program gives eligible solar and wind facilities in low-income areas increased investment tax credits of 10% or 20%.
Taxes August 10, 2023
An IRS memo in June said name, image, and likeness collectives may not qualify as tax-exempt if the main objective is paying players.