Category: Tax and Financial News
U.S. Beneficial Ownership Information Reporting Begins
How to be Your Tax Pro’s Favorite Client this Tax Season
IRS Plans to Shake Up Leadership
The 2023 Tax Planning Guide
New Business Travel Per Diem Rates Announced for 2023-2024
IRS Plans to Use AI and Ramp Up Enforcement on Millionaires, Partnerships and Crypto
IRS Announces End of Unannounced Taxpayer Visits (Mostly)
2023 Sales Tax Holidays for Back-to-School Shopping
Now that we are heading into the backend of summer, it’s time for many states to host their annual sales tax holidays for returning to-school shopping. Numerous states with sales tax (remember, not all states have a sales tax) provide the reprieve to help families with the cost of annual school supplies and clothing.
How Volunteering Can Earn You a Big Tax Deduction
Most people volunteer out of a sense of altruism, duty or purpose – not to get a tax deduction from Uncle Sam. At the same time, if your good deeds could also result in lower taxes, why not? Theoretically, this would free up more time to volunteer or let you make a charitable donation, a win-win for you and the cause you care about.