Income Tax
Latest News
FASB Seeks Comment on Financial KPIs
N.Y. Congressman Requests Trump’s Support For Tax Cap Elimination
AICPA News – Nov. 2024
Chicago Aldermen Give Mayor Brandon Johnson’s $300M Property Tax Plan the Boot
Ex-Trump Org CFO Implicates Company in Tax Fraud Case
Allen Weisselberg pleaded guilty in August to the multi-year tax fraud scheme at the heart of the case.
Controller for Trump Org Deemed Hostile at Tax Fraud Trial
Jeffrey McConney admitted to helping executives cheat on their taxes while working down the hall from Donald Trump.
Retailers and Manufacturers Can Get Tax Deduction with Product Philanthropy
If product philanthropy hasn’t been on your radar as a year-end strategy for such clients, here are some insights into why in-kind donation might be one way of boosting their bottom lines.
Buy an EV Now or Later? The Tax Credit Rules are About to Change
Qualification requirements change in January following the passage of the Inflation Reduction Act.
Longtime Trump Executive Details Rampant Tax Fraud at NYC Trial
Jeff McConney took the stand Nov. 10 and acknowledged illegal practices at the Trump Organization.
Some Tuition Costs Can Qualify for Medical Tax Deduction
If you have children in college, you may be able to claim one of two higher education credits for qualified expenses, although these tax benefits are phased out for upper-income taxpayers.
House Panel Urges Supreme Court to Allow Access to Trump Tax Returns
Ways and Means Chair Richard Neal urged justices to reject Donald Trump’s request to pause lower court rulings.
Home Health Costs Can Be Tax Deductible
If the aide performs other household chores like cooking and cleaning, you must apportion their wages. Only the part allocable to medical care is deductible as a medical expense.