The Potential Tax Liabilities of a Divorce
Tax season has officially started, Americans can start preparing now to avoid any surprises. For couples getting divorced, tax planning is...
Final Regs Address Taxes on Gifts to Taxpayers from Ex-U.S. Citizens, Residents
Feb 6, 2025
The IRS issued final regulations (T.D. 10027) regarding taxpayers who must pay taxes on gifts or bequests that they receive...
Be Aware of Changes to Family Tax Credits
Feb 3, 2025
Millions of working families rely on family tax credits like the child tax credit (CTC) to support household bills like...
BOI Reporting Still on Hold Despite Supreme Court
Jan 30, 2025
Reporting companies covered by the Corporate Transparency Act’s (CTA’s) beneficial ownership information (BOI) reporting requirement do not have to file...
Business Standard Mileage Rate Increases for 2025
Jan 9, 2025
The IRS increased the optional standard mileage rate used to calculate the deductible costs of operating a vehicle for business...
Recent Posts
- 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
- Business Standard Mileage Rate Increases for 2025 January 9, 2025