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Taxes
What to Know About Form 8889 for HSAs
If youāve made contributions to or taken distributions from a health savings account (HSA), the…
How an Employee Stock Purchase Plan (ESPP) Is Taxed
One common question from employees with employee stock purchase plans is if thereās an employee…
Trump Signs Dozens Of Executive Orders, Including An Indefinite Freeze On IRS Hiring
President Donald Trump signed dozens of executive actions on his first day in office, including…
IRS Audit Period Is 3 Years, 6 Years, Or More. Hereās How To Tell
Tax returns are annual, and getting them filed also means starting the clock ticking for…
IRS Commissioner Danny Werfel Announces Departure
IRS Commissioner Danny Werfel has announced that he is leaving the agency on January 20,…
The Money, Treasury, And Internal Revenue Service Shakeup Edition
āI will commit that for this tax season ā¦ Direct File will be operative.ā That…
How To Help Those Affected By The California WildfiresāAnd Maybe Get A Tax Break
Wildfires in southern California have burned at least 47,000 acres in the Los Angeles areaāthe…
The Wild End To 2024 That Could Shake Up The 2025 Tax Season Edition
This is a published version of our weekly Forbes Tax Breaks newsletter. You can sign-up…
Spending Bill Has Something For Everyone, Including An Extension For Beneficial Ownership Information Reports
As the clock continues to tick down, Congressional leaders have finally released the text of…
Trump Picks Former Representative Billy Long As Next IRS Commissioner
President-elect Donald Trump announced he has tapped former Congressman Billy Long as Commissioner of the…
House Passes Terrorism Bill Targeting Nonprofits, Despite Concerns About Overreach
Last week, the House of Representatives rejected H.R. 9495, Stop Terror-Financing and Tax Penalties on…
How Senate Rules Could Slow Down Any GOP-Trump Tax Cuts
Soon after the 2024 elections results rolled in, the speculation began about what they might…
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