Tag Archives for " taxes 2024 "
5 Tax-Savvy Charitable Donations That Can Lower Your Tax Bill
How to make your donations count for both those in need—and your taxes.’Tis the season for giving, and your generosity can give back to you by lowering your tax bill. With tax-savvy charitable
Read MoreTrump Tax Policy Changes: 11 Proposals and What They Mean for You
Key tax reforms could impact your income, savings, and investments starting in 2025.The 2024 elections are over, and President-elect Donald Trump is poised to introduce major Trump tax policy changes aimed
Read MorePickleball Taxes – Who Knew?
Could Your Favorite Sport Cost You More Than You Think?From California to Arizona, this popular sport is sparking debate in some communities. Could you be subject to ‘pickleball taxes’?In the last
Read MoreCharity Scams: Protect Yourself from Fraud After Disasters
The Internal Revenue Service (IRS) has issued a notice urging taxpayers to be on guard for scammers posing as charities in the wake of Hurricanes Milton and Helene. They are seeing a wave of charity scams
Read MoreNew IRS Initiative to Combat Tax Scams
A Deeper Dive into this New IRS Collaboration with the Tax Industry to Protect Taxpayers from FraudThe IRS initiative to combat tax scams is part of a new joint effort aimed at protecting taxpayers
Read MoreTax Planning for TCJA Expiration: What You Need to Know
It’s that time of year when tax professionals begin reaching out to clients to plan for the upcoming tax season. This year, however, tax planning for TCJA expiration presents unique challenges due to
Read MoreProtect Yourself from IRS Tax Scams
The IRS's New Coalition Says It Has Your BackAs tax scams become more sophisticated, the IRS is stepping up its efforts to protect you, the taxpayer, from falling victim. The agency has launched the
Read MoreIRS Cracks Down on Non-Filers: Are You Prepared?
The IRS is turning up the heat on IRS non-filers, and if you haven't filed your tax returns since 2017, you could be in their sights. With the new resources provided by the Inflation Reduction Act, the
Read MoreSupreme Court Rules for IRS on Estate Tax and Life Insurance Proceeds
The Supreme Court unanimously ruled that life insurance proceeds used to buy back a deceased shareholder’s stock must be included in the estate's value for tax purposes.Background of the CaseThe case
Read MoreIRS Audit Focus Remains on Middle-Class Taxpayers
A recent report reveals that the IRS audits more middle-class taxpayers than high-income earners, contrary to President Biden's promises.The Audit FindingsThe Treasury Inspector General for Tax Administration
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