Taxes
The Like-Kind Exchange Home Sale Strategy
As home values rise, tax structuring becomes more important in how your clients sell their homes.
Oct. 16, 2023, is Deadline for Taxpayers with an Extension
For 2023, however, many taxpayers who had received an extension to file, also later faced various forms of natural disasters for which the IRS has granted additional time to file.
IRS Provides Tax Relief Following Israel Terrorist Attacks
Taxpayers impacted by the Oct. 7 terrorist attacks on the State of Israel have extended tax filing and payment deadlines.
Why Microsoft’s $29 Billion Tax Bill Could Be the Big Knockout Punch in Fight with the IRS
It’s the culmination of years of litigation between the company and the tax agency—which might not be over yet.
Social Security Tax Wage Base is Going Up 5.2% for 2024
Wealthier taxpayers will have more Social Security tax taken from their paychecks next year due to a wage base increase.
Former IRS Contractor Pleads Guilty to Leak of Trump Taxes
Federal prosecutors charged Charles Littlejohn last month, and with his guilty plea, now faces up to five years in prison for the crime.
California Adds New Excise Tax on Gun and Ammo Sales
California’s new gun tax is similar to the federal firearms and ammunition excise tax (FAET), which was first implemented in 1919 and is administered by the Alcohol and Tobacco Tax and Trade Bureau.
Four Strategies for Leftover 529 Plan Balances
Excess 529 funds represent both a challenge and an opportunity, and knowing your options is essential.