Taxes
Tax, Accounting and Legal Pros are Cautiously Optimistic about Generative AI
Twenty percent of respondents said their firm or company has warned employees against the unauthorized use of generative AI at work.
Democrats’ Latest Child Tax Credit Plan Pushes Bonus for Babies
House Democrats’ latest proposal to expand the child tax credit includes a new feature: a $2,000 payment for newborn babies.
Hunter Biden to Plead Guilty to Tax and Gun Charges
Hunter Biden has been charged with illegally possessing a handgun in 2018 as well as two tax misdemeanors, for failing to file and pay taxes on time in 2017 and 2018.
These Two Tax Laws Make REITs More Tax-Friendly
Taking advantage of the return of capital and Tax Cuts and Jobs Act rate reductions can significantly reduce taxes on REIT distributions.
What to Know About the Tax Deductibility of Funeral Expenses
Most people cannot deduct burial costs, but there are things you can do to manage them.
Harvard Economists Offer Economic Analysis of IRS Tax Audits
The paper finds that for every $1 the IRS spends auditing high-income taxpayers, it yields more than $12 in revenue, and audits of lower-income taxpayers yields $5 in revenue.
These Tax Cuts and Jobs Act Provisions May Sunset Soon
Significant changes are on the horizon for taxpayers, as the tax mitigation benefits of the TCJA are set to expire at the end of 2025.
Avalara Launches Sales Tax Calculator Plugin for ChatGPT
Avalara is the first tax compliance software provider to work with OpenAI to use its protocol to build an integrated plugin for ChatGPT.