Taxes
There are many different tax elections available to taxpayers under federal tax law. And, often, these elections are advantageous. For…
The IRS has clear guidelines and specific thresholds that dictate when and how U.S. persons (citizens, resident aliens or domestic…
I’ve previously written about Employee Retention Credit (often called the ERC or ERTC) refund claims pending with the IRS here.…
Managing your retirement savings effectively requires understanding the tax implications of withdrawing money from an individual retirement account (IRA). IRAs,…
In this episode of Tax Notes Talk, George Ford with the Phoenix Center for Advanced Legal and Public Policy Studies…
Approximately 40% of households pay taxes on their Social Security benefits, according to the Social Security Administration. If you do…
Taxes are annual, but if you are in business, you can generally rely on using a loss in one year…
Health insurance premiums can be tax deductible when you retire, but it depends on several factors such as your age,…
This is a published version of our weekly Forbes Tax Breaks newsletter. You can sign-up to get Tax Breaks in…
2024 Long-Term Capital Gains Tax Rates RateSingleMarried Filing JointlyMarried Filing SeparatelyHead of Household0%$0 – $47,025$0 – $94,050$0 – $47,025$0 –…
As of January 1, 2024, many companies were required to report information to the U.S. government about who ultimately owns…
If you sell your home for a profit, the IRS considers this a taxable capital gain. This rule applies to…