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Time almost up for SC taxpayers to get their share of $12.5M, IRS says. Here’s how to get yours
The State McClatchy via AOL· 1 day agoTaxpayers can use the information from the transcript to file their tax return. But plan ahead –...
Tax Cuts and Jobs Act sunsetting: A health care industry perspective - Atlanta Business Chronicle
The Business Journals· 3 days agoTax legislation will be a hot topic for individuals and entities in the health care industry during...
3 Taxes That Shrink (or Disappear) When You Retire
GoBankingRates via AOL· 2 days agoIf you're getting ready to retire and think you'll finally leaveincome taxes behind, then there's good news and bad news. The bad news is, you'll...
Migrants get new tax credits
Newsweek· 22 hours agoApproximately 100,000 migrants known as "Dreamers" will receive tax breaks due to the Biden administration allowing participants in the Deferred Action...
Do I Need to Worry About the Gift Tax If I Pay $30,000 Toward My Child's Wedding?
SmartAsset via Yahoo Finance· 3 days agoYou’ve been saving for years and now have $30,000 set aside for their big day, which you plan to...
Some New York Homeowners Will Receive $1,407 Through This Statewide Program
Black Enterprise· 6 days agoChecks averaging $1,407 will be sent to some New York State homeowners as part of STAR (New York...
IRS Publishes Proposed Regulations on Stock Buyback Excise Tax | JD Supra
JD Supra· 3 days agoThe Proposed Regulations generally follow the same approach as the interim guidance under Notice 2023-2 (the “Notice”), which was summarized in this January 2023 Cooley M&A publication.3 Like ...
When is a US Taxpayer Required to Disclose Offshore Accounts on an FBAR and Form 8938 | JD Supra
JD Supra· 4 days agoWhile many US taxpayers and expatriates have come to understand the requirements of the FinCEN Form 114 or FBAR, a surprising number still need to understand the risk they are taking when they ...
Daily Dirt: One Winner, Two Losers in 485x
The Real Deal· 6 hours agoResponding to Wednesday’s Daily Dirt, Moses Gates of the Regional Plan Association noted some nuances about 485x, the tax break replacing 421a for...
IRS Art Donation Audits Are the Start of a Tax Pro’s Paper Chase
Bloomberg Law· 2 days agoIn its latest message to wealthy taxpayers, the IRS says it plans to target improper art donation tax deductions, focusing on promoters who “encourage taxpayers to buy various ...
