IRS
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An Increase in Customer Theft is Increasing Restaurant Prices
IRS Shares Five New Warning Signs of Incorrect ERC Claims
‘Unpredictable’ Election Clouds Tax and Economic Policy View
Sanders May Bring His Populist Brand to Powerful Senate Finance Committee
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Tax Advantaged Strategies to Help Clients Plan for Long-Term Care
The Internal Revenue Code includes several tax strategies that may help your clients better prepare for the potential costs of long-term care—here are three to consider.
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Hosting an Exchange Student Can Earn a Tax Break
Qualified deductible expenses include the cost of books, tuition, food, clothing, transportation, medical and dental care, entertainment and other amounts actually spent for the student's well being.
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IRS Quietly Changed the Rules on Inheritance Taxes
No more step-up in basis for property held in an irrevocable trust "that is not included in the taxable estate at death."
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How to Realize Tax Rewards with Sec. 1244 Stock
Be aware, however, that this special tax treatment isn’t automatic. To qualify for Section 1244 treatment, the following four main requirements must be met.
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Taxpayers Can Use a 529 Plan for Themselves
But Section 529 plans don’t have to be used only for your kids. One can be set up to reward virtually any beneficiary—including yourself!
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How to Deduct Business Expenses While on Vacation
When planning your travels this summer or any other time of the year—business or personal—just remember that the IRS pays close attention to expenses incurred.
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IRS Warns of New Tax Refund Mail Scam
If you receive a cardboard envelope appearing to be from the IRS about an unclaimed tax refund, be cautious. It’s a scam.
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IRS Has Improved Services, But Still Needs Work, Says Taxpayer Advocate
The IRS achieved an 85% level of service for telephone calls to its toll-free phone lines, according to the report, and Kiplinger previously reported that the IRS cut phone waiting times from 27 minutes to four minutes.