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Internal Revenue Service IRS released memorandum CCA 202302012 concluding that qualified appraisal is required when taxpayer claims charitable contribution deduction exceeding $5,000 for donated cryptocurrency. Valuations reported by cryptocurrency exchanges not qualified appraisals.
What are the tax implications of Survivor winner Mike Gabler's decision to donate his $1 million prize money to support veterans charities?
New Final Assembly Requirement If you are interested in claiming the tax credit available under section 30D (EV credit) for purchasing a new electric vehicle after August 16, 2022 (which is the date that the Inflation Reduction Act of 2022 was enacted), a tax credit is generally available only for qualifying electric vehicles for which […]
Given the recent volatility in the national markets, the stock prices of many publicly-traded companies have declined significantly, resulting in an increasing number of service...
His letters express concerns that such arrangements often are used as tax evasion vehicles by the uber wealthy.