Lower Auto Depreciation Limits Issued for First Time in at Least 3 Years
For the first time in at least three years, the IRS issued lower depreciation limitations for passenger automobiles. These limits...
The Potential Tax Liabilities of a Divorce
Feb 10, 2025
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...
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