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U.S. citizens detained abroad still face tax fines. Lawmakers want to change that
NPR· 4 days ago“Their initial response is, ‘Wait, that's...released from being a hostage and come home to the United States, the IRS fines you?’ Yes, they have to. And if we don't pass this ...
Sixth Circuit Discredits IRS Mileage Rate as Sufficient Payment to Employee Drivers Under the FLSA |...
JD Supra· 1 day agoThe Sixth Circuit recently considered a consolidated appeal regarding how delivery drivers should be reimbursed for the cost of providing their vehicles for work. The appeal was taken from both ...
IRS warns against scams targeting seniors
Wyoming Tribune-Eagle· 2 days agoWASHINGTON, D.C. – As part of continuing efforts to protect the senior community, the Internal Revenue Service issued a warning Wednesday about the rising threat of impersonation scams.
I'm Retired. When Can I Stop Filing Taxes?
SmartAsset via Yahoo Finance· 2 days agoWhen you retire or reach a certain age, there might be certain things you no longer have to do. You might get to skip the commute or qualify for some...
Dear IRS: This May Look Like My Income, But It Belongs To Someone Else
Forbes· 2 days agoIn that sense, who pays tax on joint bank accounts may not be clear or easy to unravel. If you...
If I Give My Son $75,000 Toward a Down Payment, Do I Have to Worry About the Gift Tax?
MSN News· 1 day agoUnless you have given away more than $13 million in your lifetime, a $75,000 gift will not trigger...
Trump Floats Tax-Free Tips for Workers. That Could Mean More Tipping for Customers.
The Wall Street Journal· 5 days agoTrump, the presumptive Republican presidential nominee...seen as closely competitive again this...
Which EVs (and Buyers) Qualify for the Used Tax Credit? | Cars.com
Cars.com· 4 days agoIt’s a great time to shop for a used electric vehicle, especially as the federal government will...
Tax Court: As to Listed Transaction, IRS Must Adhere to APA | JD Supra
JD Supra· 2 days agoIn the late 1990s and early 2000s, the IRS was confronted with a proliferation of corporate transactions that it viewed as aggressive tax shelters. Relying on the authority ...
I Waited Until the Last Minute to Take My First RMD. Will It Affect the Next One?
SmartAsset via Yahoo Finance· 15 hours agoUnlike most personal finance questions, the answer to this one is short and simple: yes, waiting...
