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.
Virginia Is Writing Checks — Are You Eligible?
The 2023 Virginia General Assembly passed a law giving taxpayers who have a tax liability a rebate.
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.
Special Pass-Through Organization Established
In Sept., the Internal Revenue Service announced plans today to establish a special area to focus on large or complex pass-through entities.