Providing Public Accounting Services for 69 years.
02/24/2022
How The IRS Is Looking For Its Share Of Cryptocurrency And NFT Growth While many persons trading cryptocurrency or buying a non-fungible token (“NFT”) think they are doing something new and fun, what they don’t realize is that the IRS is looking to collect their share. Persons involved in digital currency are often shocked when they learn of their tax bill.
02/18/2022
Best Indian restaurant is
Welcome To Chutneys Chutneys is the premire indian restaurant in Arizona.
02/18/2022
https://www.theoutbound.com/theoutbound/the-top-25-hikes-in-arizona
The Top 25 Hikes in Arizona The Southwest has never looked so good.
02/18/2022
https://www.washingtonpost.com/politics/2022/02/11/irs-returns-backlog/
IRS backlog hits nearly 24 million returns, further imperiling the 2022 tax filing season The inventory of unprocessed returns and related correspondence was provided by the IRS’s taxpayer advocate service to the tax-writing committees in Congress. The Treasury Department, the IRS’s parent agency, warned in January that it expected its response to be subpar this year.
Gift tax: This year, the lifetime gift tax exemption amount increased from $11.7 million to $12.06 million. While this year's exemption amount increased as in years past, that number is set to be likely cut half in 2026. The top marginal rate remains 40 percent. For the past four years, the annual gift tax exclusion amount remained at $15,000, but it has increased this year to $16,000. Annual exclusion gifts for non-citizen spouses have increased to $164,000, up from $159,000.
02/18/2022
The IRS is tapping a second ‘surge’ team as backlog now lumps in 2022 tax returns Now the IRS is calling in even more reinforcements as the pending paperwork begins including returns filed this year.
07/29/2021
Senators Eye Cryptocurrency Taxes to Fund Infrastructure Plan The Senate’s bipartisan infrastructure deal envisions imposing stricter rules on cryptocurrency investors to collect more taxes to fund a portion of the $550 billion investment into transportation and power systems.
07/29/2021
As multimillion-dollar IRAs grow, lawmakers vow to curb abuse of these accounts Data for the 2019 tax year shows that 497 taxpayers have $25 million or more in aggregate IRA balances. Some lawmakers hope to curb use of those tax shelters.
12/16/2020
https://moneywise.com/a/the-15-worst-states-for-retirement-taxes
The 15 Worst States for Taxing Your Retirement Seniors need to watch out for property tax, sales tax and taxes on Social Security.
10/25/2019
This account might cause snags when you claim Social Security The rules governing health savings accounts can cause tax complications for people who delay tapping their government benefits beyond their full retirement age.
10/03/2019
Health Insurance Options When Retiring Early Be prepared for these health insurance costs if you stop working before turning 65.
09/10/2019
Paying your bills in bitcoin? Watch out for these tax issues Beware — the IRS is on the prowl for cryptocurrency tax scofflaws.
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