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IRS Can Deny Charitable Tax Deductions When You Get Something Back
Forbes· 16 hours 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· 3 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...
How to Reduce Taxable Income: 7 Ways
Time Magazine· 6 days agoTake advantage of tax deductions and credits to save thousands. We’ve found the best ways to reduce your taxable income with minimal effort.
4 Things You Need To Know Before Paying Your Tax Bill
AOL· 3 days agoMany Americans dread doing their taxes — especially if they know they will end up owing the IRS. Be...
Charitable Checking Accounts make donating to local organizations simple
Dayton Daily News· 6 days agoCharitable Checking Accounts make donating to local organizations — or any IRS-approved charity...
Tax Breaks: Tax And Financial Literacy Matters
Forbes· 3 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...
What is a charitable gift annuity?
Bankrate via AOL· 6 days agoThis can be a major plus for people seeking financial security in retirement. Tax benefits: The partial income tax deduction on your ...
Week in Insights: California ‘Road Charge’ Is Sensible, if Flawed
Bloomberg Law· 1 day 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 ...
JD Supra: Cancellation of Debt Income: The Qualified Real Property Business Indebtedness Exception
JD Supra· 4 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 ...
Whether Paying for Child Care Makes Sense in 2024, According to Rachel Cruze
GOBankingRates via Yahoo Finance· 22 hours agoChild care is more expensive than ever, and you may find yourself balancing whether the salary you...