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...Want to Give Money to My Son and Daughter-in-Law. How Much Can I Give Without Incurring a Tax...
SmartAsset via AOL· 2 days agoHow much money can I give to my son and daughter-in-law without incurring a tax issue with the IRS?...
IRS council recommends raising jackpot withholding level to $5,800
Las Vegas Review-Journal· 4 days agoIRS Commissioner Danny Werfel appeared to back such a move during a recent appearance in...
New IRS Ruling Guidelines Significantly Impact Tax-Free Spin-Offs | JD Supra
JD Supra· 7 days agoOn May 1, 2024, the Treasury Department (Treasury) and Internal Revenue Service (IRS) released Revenue Procedure 2024-24 (Revenue Procedure), which sets out substantially ...
Tax Court Denies Roughly $40 Million IRS Innocent Spouse Relief Claim
Forbes· 4 days agoWhen spouses file a joint return, they become jointly and severally liable for the taxes owed for that tax year. Joint and several liability can be harsh and unfair. For example ...
If you still haven't filed your taxes, here's how to do it and what will happen
The Columbus Dispatch via Yahoo Finance· 7 days agoIn addition, the IRS charges interest when it is late. Interest is based on the current rates. ...s late Anyone who earned at least $13,850 in gross income in 2023 must file ...
Here Are Your 2024 HSA Contribution Limits
247wallst.com· 3 days agoA health savings account (HSA) helps you cover medical expenses and provides distinct tax breaks. For 2024, the HSA contribution limits saw a significant...
Florida woman sentenced for $3.4 million tax scheme after more than 8 years on the run
FOX30 / CBS47 Jacksonville· 1 day agoJudy Grace Sellers, of Chipley, has been sentenced to nine years in prison for a $3.4 million tax...
IRS Updated Streamlined Filing Compliance Procedures | JD Supra
JD Supra· 2 days agoWhat do you need to know about the IRS updated Streamlined Filing Compliance Procedures or "Streamlined Procedures?" Are you concerned about unreported or under-reported offshore ...
JD Supra: Preparing for IRS Cash Transaction Reporting in the Cannabis Industry
JD Supra· 7 days agoThe various forms of information reporting required by the Internal Revenue Code form the backbone of both voluntary compliance with tax laws and the starting ...
New Canaan man pleads guilty to tax evasion, faces up to 5 years in prison
Stamford Advocate· 9 hours agoA New Canaan resident who operated various businesses over the years pleaded guilty to tax evasion,...