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IRS Clarifies SECURE 2.0 W-2 Changes | PLANADVISER
PLANADVISER· 3 days agoThe Internal Revenue Service has issued guidance and a FAQ for retirement plan sponsors and participants concerning tax form filings affected by the SECURE 2.0 Act of 2022 ...
The Tax Burden on the Rich and Poor in Every State
GOBankingRates via Yahoo Finance· 2 days agoHow our income taxes are calculated is a mystery to the vast number of Americans who never learned to read the tax codes or decipher tax terminology from...
Top 5 Reasons Why Your Small Business Needs an Accountant
The Motley Fool· 5 days agoThe end of tax season is a good time to reflect on the value of professional tax help, especially for small business owners. While the IRS</ ...
Relief Extended from Certain Required Minimum Distribution Requirements for Beneficiaries | JD Supra
JD Supra· 2 days agoThe IRS on April 16, 2024, released Notice 2024-35, which extends previously issued temporary relief from certain required minimum distribution (RMD) requirements ...
25 Simple Things To Do To Keep Your Car Costs Low
GOBankingRates via Yahoo Finance· 5 days agoCars are expensive, but once you drive them off the lot, the expenses keep coming. Find out what you can do to keep your car maintenance and other costs...
Foreign Tax Credit Ruling Would Reduce US Expat Burden if Upheld
Bloomberg Law· 4 days agoThe US Court of Federal Claims ruled in 2023 that the IRS wrongly denied taxpayers Matthew and Katherine Christensen from using the US-France income tax ...
Treasury Issues New Proposed Regulations On Foreign Trusts And Gifts
Forbes· 2 days agoIn many of these arrangements, U.S. taxpayers successfully concealed property (and corresponding...
Bloomingdale man gets 9 years in prison for tax evasion, fraud
Fox local via AOL· 2 days agoOver that time, Cipolla failed to pay the IRS $415,043 and the State of Illinois $75,045. Cipolla hid his income by listing a relative’s Social Security number on casino & ...
Here's how to avoid getting 'hammered' on inherited individual retirement account taxes, experts say
CNBC· 3 days agoInherited individual retirement accounts can be a financial boost for heirs, but the windfall can...
Treasury and the IRS Finalize Section 897 ‘Domestically Controlled’ Look-Through Rule | JD Supra
JD Supra· 4 days agoOn April 24, the Internal Revenue Service (IRS) issued final regulations (Final Regulations) regarding Section 897. In December 2022, the IRS issued proposed ...
