Tax Strategies for Summer Daycare, Jobs and Vacation Rentals
Summer always comes to an end, but financial advisors, tax professionals and their clients can fondly remember the fun in the sun and big savings on the next tax day. Day camp for children under 13 yearsa summer job for…
Casino Commission to seek removal of $5.8 million federal tax lien | Local News
From left: Commonwealth Casino Commissioner Mario Taitano, Chairman Edward C. Deleon Guerrero, Vice Chairman Ralph S. Demapan and Assistant Attorney General Lucy Blanco-Maratita during a recess in the session on Thursday. Photo by Emmanuel T. Erediano The Commonwealth Casino Commission…
Tax court overturns appeal decision in case of foreign partnership
An appeals court decision could help financial advisers answer the tax questions of foreign clients who sell their U.S. partnership interests at a large profit. Foreign businesswoman Indu Rawat did not owe the IRS the $2.3 million in taxes she…
IRS extends Vermont tax relief for those affected by Hurricane Debby
Satellite image of the eye of the tropical storm. Completely created in 3D. getty Hurricane Debby made landfall in Florida on August 5, 2024, as a Category 1 storm, and weakened to a post-tropical cyclone as it moved along the…
IRS announces tax relief for 25 counties
share ✓ Link copied to clipboard! The Internal Revenue Service (IRS) announced that taxpayers in some Minnesota counties affected by recent storms are now eligible for an extension on their tax filing deadline. Following severe storms and flooding in the…
Crypto tax: IRS relaxes rules
Crypto tax rules have been confusing investors for some time. The IRS has simplified tax reporting for cryptocurrency transactions, or at least is trying to. These changes simplify cryptocurrency rules and make it easier to file your crypto taxes. The…
IRS announces tax relief for Americans in four states
Victims of Hurricane Debby were offered tax relief and various deadlines were postponed until February 3 of next year. Taxpayers in certain areas of South Carolina, North Carolina, Florida and Georgia now have more time to file personal and business…
IRS grants tax relief to Debby victims in the Southeast
Individuals and businesses in the four states affected by Hurricane Debby – South Carolina, North Carolina, Florida and Georgia – now have until next February to file various federal individual and business tax returns and make tax payments. The IRS…
Connecticut joins free IRS Direct File tax preparation system
The Treasury Department and the IRS announced Friday that Connecticut is the latest state to join the IRS Direct File free tax filing program. Last week, New Mexico also joined the squad after Oregon, New Jersey And Pennsylvania has also…
Beware of fake tax collectors
Listen to this article Mark O. Neumeister It’s scary enough to be contacted by a tax agency like the IRS or OTC. But beware of the increasing number of tax scams that target us by posing as government officials. The…
