Taxpayer’s charitable deduction for artwork donation denied
The Tax Court denied an art collector and dealer’s claimed charitable deduction for donated artwork because, it held, the taxpayer...
About Victoria
This author hasn't written their bio yet.
Victoria has contributed 89 entries to our website, so far.
New online portal available for businesses to file Forms 1099
Feb 17, 2023
A new online portal where businesses can file Form 1099 series information returns for free is now open, the IRS...
Taxpayers can exclude certain 2022 state payments from federal returns
Feb 15, 2023
Days after instructing taxpayers in certain states to delay filing their 2022 federal tax returns if they received state general...
Taxpayer marital status and the QBI deduction
Feb 10, 2023
The law known as the Tax Cuts and Jobs Act (TCJA),1 enacted in 2017, made significant changes to the corporate and...
Change allows more vehicles to qualify for the new clean vehicle tax credit
Feb 6, 2023
The IRS said Friday in Notice 2023-16 that it will change the vehicle classification standard used to determine whether a vehicle...
Recent Posts
- Lower Auto Depreciation Limits Issued for First Time in at Least 3 Years March 13, 2025
- The Potential Tax Liabilities of a Divorce February 10, 2025
- Final Regs Address Taxes on Gifts to Taxpayers from Ex-U.S. Citizens, Residents February 6, 2025
- Be Aware of Changes to Family Tax Credits February 3, 2025
- BOI Reporting Still on Hold Despite Supreme Court January 30, 2025