Learn how the income exclusion rule categorizes certain incomes, like certain interest and child support, as tax-free, ...

IRS Form 708 is here. 40% Tax on Gifts & Bequests from Covered Expatriates (former citizens and green card holders). Transfer ...

For 2025, these autos have a Section 179 tax deduction limit of $12,200 in the first year they are used. In fact, if the ...

Corporate tax without the corporation. An LLC allows a business to be taxed as a corporation without the hassles of a corporation’s business structure. LLCs are generally less expensive to operate, ...

The IRS has issued new guidance on bonus depreciation, which was made permanent under the One Big Beautiful Bill Act. Here’s ...

It’s the first tax season with the latest Trump tax cuts — and also the first since deep staff cuts at the IRS.

Register for me FREE Investing Workshop here! My recommended tools*! *Please note: Yes, these are our sponsors & advertisers. However, these are companies that I trust and use (or have used). The ...

We collaborate with the world's leading lawyers to deliver news tailored for you. Sign Up for any (or all) of our 25+ Newsletters. Some states have laws and ethical rules regarding solicitation and ...

A dog is a dependent in every sense BUT the legal one, so why shouldn't Fido be classified as one on your taxes? That's precisely the question a New York woman is asking in a lawsuit she filed against ...

On Dec. 12, the Treasury Department and the IRS issued final regulations (the Final Regulations) relating to the taxation of income of foreign governments from investments in the United States under ...

There's still time to make use of this strategy before the end of the year. If you're over 70 and giving to charity, it's time to learn about QCDs. On Giving Tuesday this year, some 38 million people ...

The word "transformation" doesn't quite do justice to the kinds of seismic changes that have started to take root in the accounting profession over the past year. Processing Content From whipsaw ...