Taxes

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Latest Taxes News

Biden Capital Gains Rate Proposal: 44.6%?

Much has been made of President Biden’s proposal in the Budget of the United States Government, Fiscal Year 2025, to…

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PTET Tax Strategy 2024 Deadline Coming For California Business Owners

The Pass-Through Entity Tax (PTET) may be the only time your tax planner tells you to pay an optional tax.…

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Can You Claim Theft Loss Deductions Related To Internet Scams?

According to a report from the Federal Trade Commission, Americans lost more than $10 billion from theft and fraud in…

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What The End Of Chevron Deference May Mean For Tax

Frank Agostino of Agostino & Associates discusses two pending Supreme Court cases, their potential effects on the Chevron doctrine, and…

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Do We Need A Property Tax For Space?

The Biden administration’s Budget of the United States Government, Fiscal Year 2025 contains an outwardly modest but potentially pivotal policy…

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IRS Releases Draft Of New Crypto Tax Form Used To Report Transactions

The IRS has offered a glimpse of the future of crypto reporting. The agency has released a draft of Form…

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The Senate Intensifies Its Focus On Offshore Tax Evasion

Offshore tax evasion is weighing heavily on the minds of the Senate Budget Committee these days. Already, the committee has…

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The IRS & Abusive Trust Schemes: Not All Trust Expenses Are Deductible

Third-party promoters routinely market trust arrangements as a means for taxpayers to avoid or defer federal income taxes. So much…

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Jury Will Decide On $43 Million Tax Refund Claim By Zaxby’s Cofounder

On May 13, 2024 an exciting jury trial will commence in the United States Court House in Athens, Georgia. Tony…

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Tax Implications for Reverse Mortgages

A reverse mortgage can be a useful way to access the value of your home without having to sell it.…

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