Income Tax
Latest News
IRS Updates Clean Vehicle Tax Credit FAQs
Ex-EY Executive to Take Over as Global CEO for Law Firm Dentons
Wolters Kluwer Acquires European Tech Portfolio, Including CodaBox, ClearFacts, Clearnox, Zoomit, and Flowin
IRS Chief Receives NATP’s Inaugural Vanguard Award
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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.
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Helping Special Needs Families Plan Their Financial Futures
Families may have a million questions about their child’s care, education, residence and employment when they reach adulthood.
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100% Bonus Depreciation for Aircraft Purchases About to End
For the last five years, businesses have been able to use bonus depreciation to expense 100 percent of qualified property, including big-ticket purchases like business aircraft.
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Tax Court Decides “He Said, She Said” Case
Generally, the IRS has three years from the later of the time your tax return was filed or its due date to review the return and assess tax.
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Reality TV Star Todd Chrisley Sentenced to 12 Years in Prison for Fraud and Tax Evasion, Wife Gets 7 Years
The Chrisleys were convicted in June of a $30 million loan scheme in which they defrauded community banks by providing false documents
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Trump Org CFO Allen Weisselberg Got a Raise After Fraud Discovered
He testified that Trump’s sons gave him a $200,000 bump after they learned the family business was dodging the tax man.
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Zelle Users Are Circumventing an IRS Tax Rule to Their Advantage
Zelle says the new IRS 1099-K reporting rules for third-party payment processors do not apply to them.
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Theranos Founder Elizabeth Holmes Gets 11 Year Prison Sentence for Fraud
Theranos founder Elizabeth Holmes has been sentenced to 135 months — or more than 11 years — in prison, following her conviction for felony fraud in one of the most closely and widely watched trials in Silicon Valley history.