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California Governor Gavin Newsom Unveils Revised State Budget – Says, “Without Raising Taxes On...
Sierra Sun Times· 8 hours agoUnder the Governor’s proposal, the state is projected to achieve a positive operating reserve...
ERC Updates: Handling The Flood Of Improper Claims
Forbes· 4 days agoWhen we last covered the employee retention credit back in August, it was as the credit was getting mainstream attention, and issues related to it were...
From the Tax Law Offices of David W. Klasing - New IRS Enforcement Targets High Earners Who Fail to...
KTLA-TV Los Angeles· 2 days agoThe Internal Revenue Service (IRS) targets high-income earners because they have a significant impact on tax revenue. Non-compliance among high-income individuals ...
I Turn 73 This Year. How Do I Avoid RMD Taxes?
SmartAsset via Yahoo Finance· 1 day agoThe IRS allows workers to put aside pre-tax earnings in traditional Individual Retirement Accounts, 401(k) and similar workplace accounts, and for all...
In Innocent Spouse Tax Cases, How You Tell Your Story Matters
Bloomberg Law· 19 hours agoMarried people who file their taxes jointly typically choose this option because of its tax advantages. A 2024 Tax Court case, Thomas v. Commissioner, demonstrates ...
Ohio trucking company owner accused of evading $1.2M in taxes
FreightWaves via Yahoo Finance· 7 hours agoA federal grand jury has indicted an Ohio trucking company owner, alleging the former Department of...
Trump’s $4 trillion of tax cuts loom over the election
Fortune· 8 hours ago“The expiration of Trump’s 2017 tax package next year will put tax fairness front and center,” Brainard said. Many of the 2017 income tax
IRS Drafts Foreign Gift and Trust Reporting Changes | ThinkAdvisor
ThinkAdvisor· 2 days agoDetails: IRS officials believe that some taxpayers reduce taxes by disguising gifts from non-U.S....
I Will Make $200k This Year. Can I Use a Roth Conversion to Avoid Taxes in Retirement?
SmartAsset via Yahoo Finance· 7 hours agoIf you’re a relatively high earner, you might be locked out of making Roth IRA contributions due to...
Biden plans for higher taxes on the ultra-wealthy and corporations to extend middle-class tax breaks
CNBC· 8 hours agoDirector of the National Economic Council Lael Brainard speaks at the White House in Washington,...