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Taxes
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…
Available Education Tax Credits You Can Claim
For students and their parents, there are two tax credits that can help with the…
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…
IRS Touts Improvements And Chases Delinquent Millionaires As Tax Season Opens
With tax season just around the corner—officially opening on Jan. 29, 2024—the IRS is continuing…
I Worked Two Jobs in 2023. Can I Get a Tax Credit for Paying Too Much in Payroll Taxes?
If you paid Uncle Sam more than his fair share in payroll taxes in 2023,…
Tax Refunds Creep Towards $100 Billion As Tax Filing Season Marches On
The IRS officially opened tax season more than a month ago—on January 29, 2024—and as…
Do I Have to Worry About Taxes if I Loan a Family Member $45,000?
It’s common for family members to lend money amongst themselves, and many choose to charge…
BOXX’s Tax Gimmick Violates Congress’ Rules On Conversion Transactions
Bloomberg recently reported on an exchange-traded fund (ETF) with the ticker symbol BOXX. The ETF…
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