Taxes December 29, 2022
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.
Taxes December 28, 2022
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.
Taxes December 27, 2022
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.
Taxes December 27, 2022
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.
Taxes December 27, 2022
How to Max Out the Gift Tax Exclusion
When possible, limit your lifetime gift-giving to amounts covered by the annual gift tax exclusion.
Taxes December 27, 2022
IRS, Treasury Lay Out Transitional Guidance for Broker Reporting on Digital Assets
The Infrastructure Investment and Jobs Act amended the tax code to expand reporting rules on digital assets by brokers.
December 23, 2022
When to Expect 2023 IRS Income Tax Refunds – Estimated Date Chart for Tax Refunds
This chart shows an estimated timeline for when a taxpayer is likely to receive their refund, based on information we have now, and using projections based on previous years- and depending on when a person files their return.
Taxes December 21, 2022
Critics Question Private Jet Costs and Other Deductions in Trump’s Taxes
Analysis shows Trump was able to use questionable deductions and aggressive tax strategies to minimize his tax bills.
Taxes December 21, 2022
Trump Paid $0 in Federal Income Tax for Last Year in White House
The former president claimed he lost some $5 million in 2020 and therefore paid no taxes when he filed last year.
Taxes December 20, 2022
If I Were the IRS Commissioner…
If the IRS were to change its filing dates so that 1/12 of the taxpayers had tax returns due each month, instead of 100% of the taxpayers having tax returns due in the same month...
Taxes December 20, 2022
Treasury Sets Tight Deadline for Getting Out Guidance on Inflation Reduction Act Tax Provisions
Before year’s end, Treasury said it will release information on the tax provisions contained in the legislation.
Taxes December 20, 2022
House Ways and Means Votes to Release Trump’s Tax Returns to Public
Exactly when and how six years of the former president’s tax information will be released remains unclear.