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IRS Can Deny Charitable Tax Deductions When You Get Something Back
Forbes· 4 days agoDonations to charity are supposed to be motivated by generosity, not to benefit in a business deal in which you get something in return. How does the IRS determine if a purported ...
JD Supra: Can You Appeal The IRS?
JD Supra· 6 days agoTaxpayers have the right to appeal the IRS. Understanding how to appeal the IRS is critical and Taxpayers ought to consider retaining representation in order to diminish the risks of...
JD Supra: Treasury Department and IRS Issue Final Regulations Regarding the Transferability of Tax...
JD Supra· 2 days agoThe registration portal for transferring tax credits is open, and no significant changes have been made to the registration process. Treasury and the IRS reject relief from ...
The Different HSA Withdrawal Rules Explained
247wallst.com· 7 days agoWithdrawals from health savings accounts (HSAs) are tax-free as long as these funds cover qualified medical expenses, as defined by the IRS. One of the...
JD Supra: IRS Publishes Proposed Regulations on Stock Buyback Excise Tax
JD Supra· 7 days agoOn April 12, 2024, the US Department of the Treasury and the IRS published proposed regulations (89 FR 25980 and 89 FR 25829, the “Proposed Regulations”) on the application ...
Understanding HSA Tax Benefits, and If Contributions Are Deductible
247wallst.com· 4 days agoHealth savings accounts (HSAs) are known as some of the most tax-advantaged savings vehicles...
Know if You’re Purchasing FSA and HSA Eligible Items Before you Buy
Penny Hoarder via AOL· 4 days agoHealth insurance isn’t the only way to pay for medical expenses. Some employers offer flexible...
5 ways to get rid of credit card debt before interest rates climb
CBS News· 16 hours agoThere's no question that credit card usage is a major issue for many Americans in any economy due to...
How Passive Income Tax Rates Are Calculated
Digital Journal· 21 hours agoBusiness investment income is considered passive when the person receiving the funds is not directly involved in the operation of the business. The exact rules governing this are outlined in ...
Treasury Proposes Clean Electricity Tax Guidance
The National Law Review· 7 days agoOn May 29, 2024, the Internal Revenue Service (IRS) and the Treasury Department released the pre-publication version of proposed guidance to implement “...
