Unless you have given away more than $13 million in your lifetime, a $75,000 gift will not trigger the federal…
With tax season just around the corner—officially opening on Jan. 29, 2024—the IRS is continuing to focus efforts on increasing…
The IRS expects taxpayers to keep the original documentation for capital assets, such as real estate and investments. It uses…
The IRS officially opened tax season more than a month ago—on January 29, 2024—and as the days have ticked by,…
Taxpayers can deduct medical expenses by itemizing them on their taxes. However, these deductions may be out of your reach…
Bloomberg recently reported on an exchange-traded fund (ETF) with the ticker symbol BOXX. The ETF exploits various tax rules to…
If you paid Uncle Sam more than his fair share in payroll taxes in 2023, you may be owed a…
Days after an Alabama U.S. District Court judge ruled the Corporate Transparency Act—sometimes called the CTA—unconstitutional, businesses and their advisors…
It’s common for family members to lend money amongst themselves, and many choose to charge less than market interest rates…
Top tax professionals will tell you that effective tax planning needs to be proactive, not reactive. The best tax planning…
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