Income Tax
Latest News
N.Y. Congressman Requests Trump’s Support For Tax Cap Elimination
Chicago Aldermen Give Mayor Brandon Johnson’s $300M Property Tax Plan the Boot
Some Enrolled Agents Have Until Jan. 31 to Renew Their Status, IRS Says
Rho Launches Partner Portal Specifically For Accountants
Do You Need A Charitable Appraisal? 2023 Tax Tips
The appraisal rules don’t apply to donations of publicly traded securities. Use the quoted market price to determine the FMV of the securities. This takes a lot of the guesswork out of the deduction.
Adoption Tax Credit Provides Valuable Benefit
The adoption credit is indexed annually by the IRS. Due to the rising inflation of late, the figures have jumped dramatically.
Six Years of Donald Trump’s Tax Returns Released
The Trumps paid $750 or less in federal income tax in 2016 and 2017, and zero in 2020, according to the returns released by the House Ways and Means Committee...
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.
Marijuana and Workplace Law in 2023
In stark opposition to federal law, the rapid proliferation of state marijuana laws has made maintaining legally compliant drug policies a major task for most employers.
How to Max Out the Gift Tax Exclusion
When possible, limit your lifetime gift-giving to amounts covered by the annual gift tax exclusion.
Saver’s Tax Credit Helps Reward Workers for Saving for the Future
The Retirement Savings Contributions Credit, also known as the Saver's Credit, helps offset part of the first $2,000 workers voluntarily contribute to ...
Rely on New Per Diem Rates
The government annually establishes a flat rate for certain “high-cost areas” such as New York, Chicago and Los Angeles and other major cities.