[ad_1] brightstars | E+ | Getty Images Small businesses are facing an onslaught of ads, phone calls and emails to help them claim a pandemic-era tax credit. However, experts urge…
Tag: Government taxation and revenue
The IRS is cracking down on a popular small business tax break that could lead to a costly audit
[ad_1] Pgiam | Istock | Getty Images A cottage industry of specialist firms has sprung up to help business owners claim the Employee Retention Credit (ERC), a governmental tax incentive…
Actor Mark Wahlberg lobbies to make Las Vegas a Hollywood in the desert
[ad_1] One of Las Vegas’s more famous residents is aiming to work closer to home. Actor Mark Wahlberg lobbied Nevada state lawmakers Wednesday to pass a bill that would coax…
This LA mansion is staring down an April 1 deadline before the seller loses millions
[ad_1] The owner of this over-the-top, seven-bedroom and 11-bath mansion in Los Angeles is prepared to accept $6 million less than what he paid for it less than two years…
IRS commissioner nominee to ‘ensure that America’s highest earners comply with tax laws.’ Here are the key takeaways from Senate hearing
[ad_1] Senate Finance Committee Chairman Ron Wyden, D-Ore., questions IRS Commissioner Charles Rettig at a Senate Finance Committee hearing. Tom Williams | Pool | Reuters President Joe Biden’s nominee to…
How to pay 0% capital gains taxes with a six-figure income in 2023
[ad_1] vitapix | E+ | Getty Images Planning to sell some investments this year? It’s less likely to affect your 2023 tax bill, experts say. Here’s why: The IRS made…
The IRS has issued nearly 8 million tax refunds. Here’s the average payment
[ad_1] Bill Oxford | E+ | Getty Images Tax season is underway, and the IRS has issued nearly 8 million refunds worth about $15.7 billion as of Feb. 3, the…
Pre-tax vs. Roth 401(k): Deciding which to use for retirement is trickier than you think
[ad_1] Prathanchorruangsak | Istock | Getty Images Whether you’re starting a new job or updating retirement savings goals, you may need to choose between pre-tax or Roth 401(k) contributions —…
IRS: Residents of more than a dozen states do not need to report ‘special payments’ for welfare, disaster relief on their federal return
[ad_1] The IRS on Friday issued federal tax guidance for millions of Americans who received state rebates or payments in 2022. The announcement came about a week after the agency…