Taxes
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 a proposed funding measure to keep the lights on.
More From Taxes
Blake Lively Lawsuit Against Justin Baldoni Highlights Tax On Victims
If Lively recovers any money, is it taxable? Her suit is for defamation and emotional distress, which are taxable even in the context of sexual harassment.
Will President Trump Change The Federal Tax Code In 2025?
With many provisions from the Tax Cuts and Jobs Act (TCJA) set to expire on December 31, 2025, individuals and businesses alike are wondering how this will impact them.
Missing Out On Thousands? Common Unclaimed Tax Credits And Deductions
Despite efforts by the IRS to educate taxpayers and streamline filing, a significant gap remains between what folks are eligible for and what they claim.
Tax Breaks: The Not Quite The End Of The World As We Know It (And I Feel Fine) Edition
Plus: BOI reporting updates, tax season is coming, money for taxpayers, filing thresholds for the 2024 tax year, digital asset guidance, tax filing deadlines and more.
Special Use Valuation Under 2032A: The Treehouse And The Family Farm
Under Section 2032A, the IRS provides special valuation rules for farms and closely-held businesses when calculating the deceased owner's gross estate
IRS Targets Front-End Services In DeFi Reporting Final Regulations
IRS issued much anticipated final regulations on DeFi informational reporting on December 27, 2024. This clarifies requirements and exclusions for DeFi participants.
IRS Will Mail Checks To Over One Million Taxpayers Who Missed Out On Stimulus Payments
The IRS says that over one million taxpayers may have missed out on the Recovery Rebate Credit (RRC) claimed on their 2021 tax returns.
U.S. Tax Court: Proving A Net Operating Loss Deduction Carryover
Three recent Tax Court decisions demonstrate the difficulties taxpayers may have in substantiating and proving an NOL carryover.
In Whiplash Maneuver, Court Rules Beneficial Ownership Information (BOI) Reporting Requirements Are On Hold
The government has (again) been enjoined from enforcing the beneficial ownership information (BOI) reporting requirements under the CTA.
When Should The Executor Of An Estate Elect An Alternate Valuation Date?
As the executor of an estate, should you choose the date of death value or an alternate valuation date? Your preferred plans for New Year's Eve may provide some insight.