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Taxes
Federal Court Grants Summary Judgment Motion On Willful FBAR Penalty
Litigation in federal court is analogous to a game of chess. Although each side has…
What Is Earned Income? Examples and How to Calculate
When it comes to taxes and financial planning, you need to know the IRS has…
Don’t Skip The IRS ‘Yes Or No’ Crypto Tax Question On 2023 Tax Returns
There is a lot of talk about crypto investors and tax compliance, but a yes…
What Is a Flat Income Tax and How Does It Work?
A flat income tax system is one where everyone is taxed at the same rate,…
Many Taxpayer Assistance Centers Provide Saturday Service
In addition to reopening many Taxpayer Assistance Centers and providing pop-up style service to taxpayers…
What Is a Graduated Income Tax?
A graduated income tax is the same thing as a progressive income tax system, where…
IRS Names Guy Ficco As New Chief Of Criminal Investigation
The Internal Revenue Service has announced that Guy Ficco will become the new IRS Criminal…
Do I Have to Worry About the Gift Tax If I Give My Son $75,000 Toward a Down Payment?
Unless you have given away more than $13 million in your lifetime, a $75,000 gift…
Golden Bachelor Wedding Sparks Conversations About Gray Divorce And Its Financial Consequences
On Jan. 4, 2023, 72-year-old widower Gerry Turner and star of ABC's "The Golden Bachelor"…
How Does the IRS Verify Cost Basis?
The IRS expects taxpayers to keep the original documentation for capital assets, such as real…
California Is Becoming The North Korea Of Taxation—And Things Are Only Going To Get Worse
California is just about the most overtaxed state in the nation. But too much is…
Five Medical Expenses You Can Deduct on Your Taxes
Taxpayers can deduct medical expenses by itemizing them on their taxes. However, these deductions may…
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