Taxes December 30, 2022
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.
Taxes December 30, 2022
The adoption credit is indexed annually by the IRS. Due to the rising inflation of late, the figures have jumped dramatically.
Taxes December 30, 2022
65.5 cents per mile driven for business use, up 3 cents from the midyear increase setting the rate for the second half of 2022.
Taxes December 30, 2022
Republicans will face pressure to retaliate by publishing the tax records of Democrats and their allies, the aide said.
Taxes December 30, 2022
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...
Taxes December 29, 2022
It goes against the wishes of Sen. Joe Manchin, who asked Treasury not to allow leased vehicles to qualify.
Taxes December 28, 2022
SECURE 2.0 increases the age for RMDs to 73, beginning on January 1, 2023, and to age 75 on January 1, 2033, for certain individuals. In addition, it reduces or entirely eliminates the excise tax imposed for not taking RMDs.
Taxes December 27, 2022
The documents are expected to include his tax returns filed between 2015 and 2021.
Taxes December 27, 2022
Notice 2023-2 provides interim guidance regarding this tax provision in the Inflation Reduction Act.
Taxes December 27, 2022
The corporate alternative minimum tax was created by the Inflation Reduction Act enacted last summer.
Taxes December 27, 2022
When possible, limit your lifetime gift-giving to amounts covered by the annual gift tax exclusion.
Payroll December 27, 2022
A list of the most prominent compliance-related topics employers will face in 2023.