Taxes March 14, 2023
New Incentives for Qualified Charitable Distributions
The new law enhances the benefits of making “qualified charitable distributions” (QCDs) from a taxpayer's IRAs.
Taxes March 14, 2023
A Last-Minute Way to Increase a Tax Refund or Lower Your Tax Bill
Tax season may be in full swing, but there’s still time to make a smart money move that often goes overlooked by taxpayers.
Taxes March 14, 2023
Here is What Daniel Werfel Said to IRS Employees During His First Day as Commissioner
Werfel was sworn in Monday as the 50th commissioner in the history of the IRS.
Taxes March 13, 2023
House GOP Spars with Janet Yellen Over Biden’s Tax Proposals
Republicans on the Ways and Means Committee gave the president’s latest budget request an icy reception.
Taxes March 10, 2023
Tax Court Disallows Mortgage Interest Deduction
The new case involves a complex series of transactions where three brothers intermingled their business and personal interests.
Taxes March 10, 2023
Ex-IRS Chief Says He Is Confident Daniel Werfel Will Do Well as Agency’s New Leader
“He’s extremely well-suited for his current assignment,” Mark Everson, IRS commissioner from 2003-07, said about Werfel.
Taxes March 9, 2023
IRS and State Move Spring Tax Deadline to Oct. 16 for Most Californians
The new deadline of Oct. 16 applies to California and federal individual and business tax returns and payments.
Taxes March 9, 2023
Senate Confirms Daniel Werfel as Next IRS Chief
The Senate voted 54-42 to confirm Werfel, a former acting IRS commissioner under the Obama administration.
Taxes March 9, 2023
Manchin Won’t Back Werfel to Lead IRS as Feud with White House Continues
Joe Manchin called Daniel Werfel “supremely qualified” but has “zero faith” he would have autonomy in the post.
Taxes March 8, 2023
How the Inflation Reduction Act Impacts Corporate AMT and Bonus Depreciation
The Inflation Reduction Act reintroduces the corporate AMT, but with major changes, and it only applies to certain corporations, but a company only needs to pass the book income test once to be subject to AMT.
Taxes March 7, 2023
IRS Warns of New W-2 Scams
The IRS is working with payroll companies and large employers to verify W-2 information in light of these scams.
Taxes March 2, 2023
Senate Committee Approves Werfel Nomination to Head IRS
His nomination was approved by the committee on a 17-9 bipartisan vote. The full senate will now vote on his confirmation.