Ten years ago, the Internal Revenue Service proposed regulations that would define how to value (and prove the actual value) of non-cash donations to charity. The regs involved things like artwork, jewelry and other possessions whose value is often in the eye of the beholder.
Continue reading “Charitable Contribution Rules: 10 Years in the Making”
You probably don’t spend a lot of time feeling sorry for a U.S. citizen named Meghan Markle, who is about to tie the proverbial knot with Prince Harry of England. But an article in the Wall Street Journal notes that Ms. Markle, and other American citizens who marry foreigners, face a lifetime of harassment by America’s Internal Revenue Service.
A recent decision by the Internal Revenue Service (IRS) has now allowed individuals who have been adversely affected by Hurricane Harvey to utilize the assets within their employer-sponsored plan(s) in order to address their financial needs. Continue reading “IRS Providing Relief for Those Affected by Hurricane Harvey”
For those of you who have April 15th marked on the calendar to file taxes and have not yet done so this year, take a deep breath: you have three extra days to get them done. Continue reading “Taxes Due on April 15th This Year? Not So Fast…”
It’s that time of the year – Filing Season…Check out the IRS’s top 12 tax scams for 2016 and make sure you take the proper precautions to protect yourself. Continue reading “The IRS’s Top Dozen Tax Scams for 2016”
