Taxes
Latest Taxes News
It’s Hard For Traders To Move Out Of New York For Tax Purposes
In today’s digital world, some people, especially traders, can operate their economic activities while traveling around the U.S. and the…
Can Short-Term Capital Losses Offset Long-Term Capital Gains?
2024 Long-Term Capital Gains Tax Rates RateSingleMarried Filing JointlyMarried Filing SeparatelyHead of Household0%$0 – $47,025$0 – $94,050$0 – $47,025$0 –…
Moving Overseas? 6 U.S. Tax Tips For Expats And Digital Nomads
Imagine the freedom of working from anywhere in the world, with just an internet connection and a trusty laptop. For…
Portrait Of A Taxpayer, Circa 1916
In its early days, the federal income tax was something of a mystery. Policymakers expected the levy to raise money…
Are Health Insurance Premiums Tax Deductible When You Retire?
Health insurance premiums can be tax deductible when you retire, but it depends on several factors such as your age,…
Under Biden Tax Plan, Capital Gains Tax Will Exceed 50% In 11 States
President Joe Biden floated a bevy of tax increase proposals as part of the president’s FY 2025 budget. That budget…
With $15 Million At Stake, IRS Argues For Foreign Grantor Trust Status
Foreign trusts routinely cause U.S. reporting headaches for taxpayers. Generally, tax professionals must grapple with both the language used in…
ERC Updates: Handling The Flood Of Improper Claims
Mary Wood of Meadows Collier discusses recent updates on the employee retention credit, from the IRS’s moratorium on new claims…
Roger Ver, Known As “Bitcoin Jesus,” Arrested And Charged With Tax Fraud
An indictment naming Roger Ver—known as "Bitcoin Bitcoin Jesus" for his early adoption of bitcoin—has been unsealed in federal court,…
I’m Going to Get $3,300 per Month From Social Security. How Can I Reduce My Taxes?
Approximately 40% of households pay taxes on their Social Security benefits, according to the Social Security Administration. If you do…
