The IRS is preparing to enforce a new reporting requirement on crypto brokerages beginning Jan. 1, 2025, making this an important moment for investors to get ...
With a short time left before 2025 comes to a close, year-end tax planning is all-important. Here are some areas to focus on.
The provisions on tip and overtime compensation were enacted as part of H.R. 1, P.L. 119-21, commonly known as the One Big ...
Millions of Americans who work overtime shifts or receive tips will be eligible to claim new deductions on their 2025 tax ...
In the years after the Camp Fire, many Paradise residents received payments from the Fire Victim Trust to help rebuild after ...
TurboTenant reports that the IRS will know about your rental income, and failing to report it can lead to serious penalties ...
Seventy-one-year-old Middlebury resident Edward Sodlosky waived his right to be indicted and pleaded guilty Wednesday in New ...
MiBolsilloColombia on MSN
IRS admits it lacks systems for new law and drops penalties tied to tips and overtime
The IRS says it cannot meet new OBBBA reporting rules, leading to a temporary suspension of penalties on tip and overtime ...
SmartAsset on MSN
Ask an Advisor: My $60k Withdrawal Raised My Tax Bracket and Medicare Premiums. Will It Last?
I'm 71 years old and my current Thrift Savings Plan (TSP) balance is $315,000 after withdrawing $60,000 this year. This is ...
The Monterey County Herald on MSN
Barry Dolowich, Tax Tips: Tax advantages for long-term care insurance
Long-term care insurance provides certainty that home health care and nursing home services will be available when and if they are needed. As a bonus, the IRS allows some nice tax breaks for qualified ...
Hobby income and expenses aren't reported to the IRS the way business income and expenses are. Here's how to tell what type ...
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