Taxes January 7, 2025
In the past 24 hours, President-elect Donald Trump has said that Congress will use revenue from tariffs to help pay for extending his 2017 tax cuts in a “powerful” bill that would eliminate taxes on tips.
January 7, 2025
January 2, 2025
December 31, 2024
Taxes December 28, 2023
Under the “ordering rules” established under IRS regulations, most of the payout of a nonqualified Roth distribution may be tax-free anyway—maybe even all of it.
Taxes December 27, 2023
The annual gift tax exclusion allows you to gift up to a specified amount to each recipient each year without any gift tax liability.
Taxes December 19, 2023
The IRS has hit the restart button on sending out automated collection notices, ending a two-year hiatus because of the COVID-19 pandemic.
Taxes December 19, 2023
Hunter Biden must respond to federal charges that he failed to pay taxes on millions of dollars he received from foreign businesses.
Taxes December 12, 2023
Biden’s lawyers argue that all gun and tax charges should be dropped because their client has immunity under a deal he struck in July.
Taxes December 11, 2023
Biden is accused of failing to pay his taxes on time from 2016 to 2019, filing false and fraudulent tax returns in 2018, and tax evasion.
Taxes December 10, 2023
Let’s talk through how these two functions differ, and how you as a tax professional can better define them for your clients to create additional revenue streams.
Taxes December 7, 2023
Jack Lee Oliver of Rivesville, WV, used a foster child he never met to inflate his tax refund, according to the Justice Department.
Taxes December 6, 2023
Democratic dreams of imposing a wealth tax on the richest Americans risk being snuffed out by a dispute over a $14,729 bill.
Taxes December 6, 2023
After IRS agents testify, the House tax-writing panel voted to make public documents and transcripts provided by the agents.
Taxes November 22, 2023
A federal grand jury indicted Charles M. Stivers last week on two charges of making false statements on tax returns in 2018 and 2020.
Taxes November 22, 2023
The IRS says most e-filed tax refunds are direct deposited into taxpayer bank accounts in as little as 10 days, so why pay to get your refund?