The IRS recently issued its 2023 cost-of-living adjustments for more than 60 tax provisions. With inflation up significantly this year, many amounts increased considerably over 2022 amounts. As you implement…
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Are you feeling generous at year end? Taxpayers can transfer substantial amounts free of gift taxes to their children or other recipients each year through the proper use of the…
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Mitigating the adverse effects of climate change is one of the primary targets of the recently enacted Inflation Reduction Act (IRA). To that end, the legislation is packed with tax…
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TAX ALERT | October 19, 2022 Authored by RSM US LLP Executive summary: 2023 Inflation-adjusted items The IRS revenue procedures provides the amount for inflation-adjusted items for 2023. Amounts adjusted…
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TAX ALERT | October 18, 2022 Authored by RSM US LLP Executive summary: S corporation taxpayer assistance procedures S corporations and their shareholders stand to benefit from taxpayer assistance procedures…
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If you’re interested in investing in tax-free municipal bonds, you may wonder if they’re really free of taxes. While the investment generally provides tax-free interest on the federal (and possibly…
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