IRS
New EV Tax Credits OK for Leased Vehicles, Treasury Guidance Says
It goes against the wishes of Sen. Joe Manchin, who asked Treasury not to allow leased vehicles to qualify.
IRS Updates FAQs on Form 1099-K
The IRS is treating calendar-year 2022 as a transition year for the reduced reporting threshold of more than $600.
IRS and Treasury Release Guidance on Corporate Stock Repurchase Excise Tax
Notice 2023-2 provides interim guidance regarding this tax provision in the Inflation Reduction Act.
IRS, Treasury Issue Interim Guidance for New Corporate Alternative Minimum Tax
The corporate alternative minimum tax was created by the Inflation Reduction Act enacted last summer.
How to Max Out the Gift Tax Exclusion
When possible, limit your lifetime gift-giving to amounts covered by the annual gift tax exclusion.
IRS, Treasury Lay Out Transitional Guidance for Broker Reporting on Digital Assets
The Infrastructure Investment and Jobs Act amended the tax code to expand reporting rules on digital assets by brokers.
When to Expect 2023 IRS Income Tax Refunds – Estimated Date Chart for Tax Refunds
This chart shows an estimated timeline for when a taxpayer is likely to receive their refund, based on information we have now, and using projections based on previous years- and depending on when a person files their return.
Critics Question Private Jet Costs and Other Deductions in Trump’s Taxes
Analysis shows Trump was able to use questionable deductions and aggressive tax strategies to minimize his tax bills.