Social Security Wage Base, COLA Set for 2024
Individual taxable earnings of up to $168,600 annually will be subject to Social Security tax in 2024, the Social Security...
Clean-vehicle Buyers can Transfer Tax Credits to Reduce Purchase Price
Nov 23, 2023
Buyers of eligible clean vehicles can transfer Sec. 30D or Sec. 25E credits to a registered dealer in return for a...
Did You Resell a Taylor Swift Ticket? Expect a Form 1099-K
Nov 20, 2023
Taylor Swift fans forked out an average $2,183 for a resold ticket to a concert on the superstar’s The Eras Tour, according to...
IRS to Set Up New Work Unit to Focus on Complex Passthrough Entities
Nov 13, 2023
The IRS will set up a new unit to focus on large or complex passthrough entities as it continues to...
Most NIL Collectives Likely Ineligible for Tax-exempt Status, IRS Advises
Nov 9, 2023
An IRS Office of Chief Counsel legal memorandum (AM 2023-004) dated May 23, 2023, asserted that many name, image, and...
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