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Opinion | Slay the mortgage interest tax deduction! Now, while we can!
Washington Post· 19 hours agoAs it happens, this is the perfect political moment to fix one mistake in particular: ending the...
South Carolina Easement Lawsuit Seeks $28 Million Deduction
Bloomberg Law· 8 hours agoA South Carolina partnership sued the IRS for denying its $28.4 million charitable contribution deduction, arguing the agency acted arbitrarily and didn’t explain why its ...
Theft Loss Deductions Denied | New York Law Journal
Law.com· 4 days agoA loss not compensated for by insurance or otherwise is allowable, in general, as a deduction under Section 165(a), but that rule is subject to numerous...
Will Filing Taxes Jointly Save Money?
The Wall Street Journal· 3 days agoFiling jointly tends to net couples the most significant tax savings since they receive the highest standard deduction—not to mention additional tax ...
IRS Defends Denying Repair Deductions to US Tomato Suppliers
Bloomberg Law· 11 hours agoSuppliers for 40% of the US’s tomato paste and diced tomatoes shouldn’t be allowed to deduct restoration costs for their processing facilities before the restorations are complete, the IRS told ...
Atlanta Business’ Film, Real Estate Deductions Draw IRS Lawsuit
Bloomberg Law· 7 hours agoA business owned by prominent Atlanta executive Richard Jackson owes $38 million in taxes and penalties because it underreported $72 million in taxable income for 2019, the IRS told the US Tax Court Friday.
Trump tax breaks are set to expire after 2025. Here's what advisors are telling their clients
CNBC· 3 days agoWith trillions of dollars in tax breaks scheduled to expire after 2025, financial advisors are...
Congress should adopt mortgage interest tax credit: CHLA
HousingWire via Yahoo Finance· 1 day agoIn the lead-up to its 2017 passage, CHLA representatives “aggressively advocated for a Mortgage...
House Republicans shift message on extending 2017 tax cuts
The Columbian· 12 hours agoLower tax rates on individuals, relief from the alternative minimum tax, treatment of money U.S. companies make abroad, small-business deductions and other provisions established ...
Council Post: How To Maximize Your Next Tax Refund Through A Health Savings Account
Forbes· 1 day agoIn the extensive world of tax laws and deductions, one gem often overlooked is the benefits of...