Taxes
Latest Taxes News
How to Report Foreign Gifts With Form 3520
The IRS has clear guidelines and specific thresholds that dictate when and how U.S. persons (citizens, resident aliens or domestic…
Zaxby’s Founder Reaches Settlement In Conservation Easement Deduction
Over the past five years conservation easement deductions have been in the spotlight due to Congress restricting syndicated conservation easement…
What Are the Tax Implications for Withdrawing From Your IRA?
Managing your retirement savings effectively requires understanding the tax implications of withdrawing money from an individual retirement account (IRA). IRAs,…
No Surprises In Kamala Harris’s 20 Years Of Tax Returns
Vice President Kamala Harris has released 20 years of personal tax returns, stretching back to the earliest days of her…
I’m Going to Get $3,300 per Month From Social Security. How Can I Reduce My Taxes?
Approximately 40% of households pay taxes on their Social Security benefits, according to the Social Security Administration. If you do…
How Tax Opinions Help Solidify Tax Positions And Prevent Penalties
With a big or tricky transaction or a major income item, someone may tell you that you should get a…
Are Health Insurance Premiums Tax Deductible When You Retire?
Health insurance premiums can be tax deductible when you retire, but it depends on several factors such as your age,…
India’s ‘Google Tax’ Is Dead—But Will It Stay Dead?
India’s decision to abandon its “Google Tax” marks a shift in digital taxation policy—influenced by both domestic feedback and, perhaps…
Can Short-Term Capital Losses Offset Long-Term Capital Gains?
2024 Long-Term Capital Gains Tax Rates RateSingleMarried Filing JointlyMarried Filing SeparatelyHead of Household0%$0 – $47,025$0 – $94,050$0 – $47,025$0 –…
What To Do If The IRS Denies Your ERC Refund Claim
I’ve previously written about Employee Retention Credit (often called the ERC or ERTC) refund claims pending with the IRS here.…
