(Bloomberg) --The estate of Michael Jackson looks to have escaped a possibly hefty penalty for allegedly undervaluing the late singer’s assets.

A U.S. Tax Court judge denied the Internal Revenue Service’s bid to provide additional evidence in a case that was tried in Lo...

A tax deduction for charitable giving isn't guaranteed just because you're feeling generous. As with everything in tax law, it's important to follow the rules. Here are 13 tips for making your charitable donation count:

1. Itemize. To claim a charitable deduction on you...

November 1, 2017

Antrel Rolle's tax attorney filed fraudulent tax returns on his behalf and kept the money, Americans biggest financial fear revealed, and Franklin Templeton names a National Retirement Plan strategist.

Former NFL safety Antrel Rolle helped the Internal Revenue Service c...

It’s official. For 2018, the estate and gift tax exemption is $5.6 million per individual, up from $5.49 million in 2017. That means an individual can leave $5.6 million to heirs and pay no federal estate or gift tax. A married couple will be able to shield north of $1...

August 15, 2017

Taxes are rarely the first thing an entrepreneur thinks about – which is why advisors should. With that in mind, the IRS put together a short list of tax-related considerations for startup businesses that financial planners can share with clients.

Click through to see 6...

April 18, 2017

To encourage people with lower incomes to contribute to their retirement savings accounts, the Internal Revenue Service offers a tax credit for contributions to them. A tax credit directly reduces the amount of tax you owe, unlike a deduction, which only decreases your...

Practitioners have been noticing that Internal Revenue Service procedures relating to lien releases have changed in the last nine months. In June 2016, the IRS (without any announcement) consolidated all responsibility for processing Forms 4422 (Application for Certifi...

If you're rushing around trying to get your return filed today, relax. You have a few more days to get your tax return to the Internal Revenue Service (IRS) in 2017: Tax Day will be Tuesday, April 18, 2017, instead of April 15, 2017.

Traditionally, Tax Day is April 15 u...

The key to stopping scammers is staying one step ahead of the bad guys. That's why the Internal Revenue Service (IRS), together with state tax agencies and tax industry partners, are warning tax professionals about a new scam this tax season. As part of the scam, cyber...

Please reload

Recent Posts

Please reload

Archive

Please reload

Tags