The Gambling Taxation Dilemma: Taxable Winnings and Nondeductible Losses
A Day at the Races, hosted by the Associated Builders and Contractors…
The Inflation Reduction Act of 2022
Earlier this month, we wrote about the tax provisions included…
Highlights of Tax Provisions and Tax Credits in the Inflation Reduction Act of 2022
On July 27, 2022, Senator Joe Manchin and Senate Majority Leader…
Mileage Rate Increase for 2nd Half of 2022 Announced by IRS
On June 9, 2022, the IRS announced an increase in the optional…
Minimize Tax Issues in 2022 by Scheduling Meetings and Reminders
After a year of significant capital gains and a fluid tax situation…
IRS Under Fire for Destroying Approximately 30 Million Paper Records
The IRS may need to hire a PR team to improve their image. As…
Tax Strategies and Capital Gains
Part 2: Stock Portfolio Investments
Last week, we noted that…
File Philadelphia Wage Tax Return Quarterly in 2022
The City of Philadelphia's Department of Revenue has changed…
Highlights from 2023 Proposed Federal Budget
This week, proposed increases to corporate taxes and wealth…
IRS Requires Yes or No Response to Virtual Currency Question
Last week, the IRS released a reminder that all taxpayers, not…