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...
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...
Key tax and retirement provisions in the Secure 2.0 Act – Part 3
Jan 31, 2023
The Consolidated Appropriations Act, 2023, P.L. 117-328, enacted on Dec. 29 included (as its Division T) the Secure 2.0 Act, which...
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