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Taxes
IRS Issues Final Regulations For Tax On Corporate Stock Buybacks
The IRS has issued final regulations that provide taxpayers and tax professionals with guidance on…
Projected Brackets, Standard Deductions And More
The U.S. Bureau of Labor Statistics reported that the consumer price index (CPI) increased by…
How Does the IRS Verify Cost Basis?
The IRS expects taxpayers to keep the original documentation for capital assets, such as real…
California Is Becoming The North Korea Of Taxation—And Things Are Only Going To Get Worse
California is just about the most overtaxed state in the nation. But too much is…
Five Medical Expenses You Can Deduct on Your Taxes
Taxpayers can deduct medical expenses by itemizing them on their taxes. However, these deductions may…
IRS Touts Improvements And Chases Delinquent Millionaires As Tax Season Opens
With tax season just around the corner—officially opening on Jan. 29, 2024—the IRS is continuing…
I Worked Two Jobs in 2023. Can I Get a Tax Credit for Paying Too Much in Payroll Taxes?
If you paid Uncle Sam more than his fair share in payroll taxes in 2023,…
Tax Refunds Creep Towards $100 Billion As Tax Filing Season Marches On
The IRS officially opened tax season more than a month ago—on January 29, 2024—and as…
Do I Have to Worry About Taxes if I Loan a Family Member $45,000?
It’s common for family members to lend money amongst themselves, and many choose to charge…
BOXX’s Tax Gimmick Violates Congress’ Rules On Conversion Transactions
Bloomberg recently reported on an exchange-traded fund (ETF) with the ticker symbol BOXX. The ETF…
Tax Credits You Can Use to Reduce Your 2024 Taxes
Tax season has arrived, and when it comes to preparing your return remember this: deductions…
Ruling That Corporate Transparency Act Is Unconstitutional Could Benefit 65,000 Businesses—Or More
Days after an Alabama U.S. District Court judge ruled the Corporate Transparency Act—sometimes called the…
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