Maximize Your Philanthropy: IRA Owners Can Gift up to $100K Tax-Free to Charities
The Internal Revenue Service today reminded individual retirement arrangement (IRA) owners age 70½ or over that they can transfer up to $100,000 to charity tax-free each year.
Withdrawal Process for Employee Retention Credit Claims
To take advantage of the claim withdrawal procedure, taxpayers should carefully follow these special instructions.
Beware of Fake Charities - Check Before Donating
The IRS warns taxpayers to be wary of criminals soliciting donations. Here are some tips to protect against fake charity scams.
IRS Warns of Improper Art Donation Deduction Promotions
The IRS warns taxpayers to watch for promotions involving exaggerated art donation deductions that can target high-income filers and offers special tips for people to use to avoid getting caught in a scheme.
Taxing Remote Work: How the Convenience Rule Affects You
Explore the Convenience Rule's impact on WFH tax deductions. Understand if your remote work benefits the employer or you, and navigate tax implications.
Boost Your Business’s Bottom Line: Tax Saving Strategies for Business Owners
Maximizing tax deductions and implementing effective tax saving strategies can significantly impact your company’s bottom line. Here are eight strategies.