Taxes
6 Key Takeaways From Trump’s Tax Returns
The documents show the former president’s complex, and sometimes unusual, financial situation.
IRS, Treasury Update Guidance on Accounting Methods for Specified R&E Expenditures
Revenue Procedure 2023-11 outlines how companies should comply with changes made by the Tax Cuts and Jobs Act.
New Retirement Rule Delaying Withdrawals Could Bite
There are some potential advantages for wealthy retirees, but they don’t come without potential trade-offs.
Do You Need A Charitable Appraisal? 2023 Tax Tips
The appraisal rules don’t apply to donations of publicly traded securities. Use the quoted market price to determine the FMV of the securities. This takes a lot of the guesswork out of the deduction.
Adoption Tax Credit Provides Valuable Benefit
The adoption credit is indexed annually by the IRS. Due to the rising inflation of late, the figures have jumped dramatically.
IRS 2023 Mileage Rate Rises to 65.5 Cents Per Mile
65.5 cents per mile driven for business use, up 3 cents from the midyear increase setting the rate for the second half of 2022.
Trump Tax Returns’ Release Might Start Tit-for-Tat Battle in Congress, GOP Aide Says
Republicans will face pressure to retaliate by publishing the tax records of Democrats and their allies, the aide said.
Six Years of Donald Trump’s Tax Returns Released
The Trumps paid $750 or less in federal income tax in 2016 and 2017, and zero in 2020, according to the returns released by the House Ways and Means Committee...