Income Tax
Latest News
Zone & Co Launches ZoneBilling AI Assistant
IRS Extends Tax Deadlines Until May For Helene Victims
Avantax Acquires SEP Financial Services
Sovos Launches Indirect Tax Suite for SAP, Enhances Clean Core Readiness
There’s Still Time to Claim Unpaid Economic Stimulus Payments
Not everyone who was entitled to an EIP was able to collect the full amount they were owed. Either they didn’t receive the correct amount or they didn’t get a payment at all.
Should You Elect to Forgo Preferential Tax Treatment on Capital Gains and Dividends?
Depending on your situation, you might elect to forgo preferential tax treatment on certain long-term capital gains and qualified dividends in favor of deducting investment interest expenses.
How to Get the Most Tax Benefits from a Roth IRA
Under the “ordering rules” established under IRS regulations, most of the payout of a nonqualified Roth distribution may be tax-free anyway—maybe even all of it.
Gift Tax Exclusion Increases for 2024: How to Get the Most Benefit
The annual gift tax exclusion allows you to gift up to a specified amount to each recipient each year without any gift tax liability.
IRS: Collection Notices Are Coming Back in 2024
The IRS has hit the restart button on sending out automated collection notices, ending a two-year hiatus because of the COVID-19 pandemic.
Hunter Biden Faces Jan. 11 Arraignment on Tax Charges
Hunter Biden must respond to federal charges that he failed to pay taxes on millions of dollars he received from foreign businesses.
Hunter Biden Immune to Tax Charges, His Lawyers Say
Biden’s lawyers argue that all gun and tax charges should be dropped because their client has immunity under a deal he struck in July.
Hunter Biden Charged with Tax Crimes in Los Angeles
Biden is accused of failing to pay his taxes on time from 2016 to 2019, filing false and fraudulent tax returns in 2018, and tax evasion.