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IRS Can Deny Charitable Tax Deductions When You Get Something Back
Forbes· 2 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 ...
Weekly IRS Roundup May 20 – May 24, 2024
The National Law Review· 5 days agoCheck out our summary of significant Internal Revenue Service (IRS) guidance and relevant tax matters for the week of May 20, 2024 – May 24, 2024. May 20...
$187 Million In Charitable Deductions From A $9.5 Million Purchase
Forbes· 1 day agoBig Escambia Ventures LLC is the tax matters partner in thirteen partnerships that are currently in ...
Capitol Notebook: New study touts benefits of Iowa tax cuts
Quad-City Times· 1 day agoA study from a pro-business think tank says Iowa’s state income tax cuts will create an estimated...
4 Things You Need To Know Before Paying Your Tax Bill
AOL· 5 days agoMany Americans dread doing their taxes — especially if they know they will end up owing the IRS. Be...
Tax Breaks: Tax And Financial Literacy Matters
Forbes· 4 days agoThere are a lot of factors to consider, including whether an LLC or an S Corp will enable the creator to benefit from savings on federal income tax...
JD Supra: Cancellation of Debt Income: The Qualified Real Property Business Indebtedness Exception
JD Supra· 5 days agoThis is the second in our series of alerts on taxable cancellation of debt income. When debt is cancelled or discharged, the debt generally becomes taxable income, called cancellation of debt ...
Week in Insights: California ‘Road Charge’ Is Sensible, if Flawed
Bloomberg Law· 3 days agoCalifornia has announced a pilot program that would replace the state gas tax with what amounts to a vehicle miles traveled tax—a promising initiative that ...
27 Things Retirees Should Do With Their Money Right Now
GOBankingRates via Yahoo Finance· 1 day agoRetiring isn't the end of your financial journey. Though you may have called it quits on the...
Whether Paying for Child Care Makes Sense in 2024, According to Rachel Cruze
GOBankingRates via Yahoo Finance· 2 days agoChild care is more expensive than ever, and you may find yourself balancing whether the salary you...
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related to: irs real estate tax deduction