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Although horrifying tales of on-line romance scam artists swindling the life savings of the lonely are being highlighted on the airwaves, seeing how the love life of a client or his or her children can devastate well-established family businesses is more terrifying—and pervasive.
The Heart Act added a new federal Inheritance Tax on certain lifetime and testamentary dispositions to U.S. recipients, made by a “covered expatriate.” This is the second article in our two-part series on the expatriation tax. (To view the first article, please click here.)
Why is pre-tax income nasty? Because it's gross.
https://parade.com/1317763/jessicasager/accounting-jokes/
IRS Announces Administrative Transition Period for New Roth Catch Up Requirement; Catch-up Contributions Still Permitted After 2023, Internal Revenue Service IRS Issues New Warning to Tax Pros About Identity Theft, Internal Revenue Service
Inflation Reduction Act 1-year report card: IRS delivers dramatically improved 2023 filing season service, modernizes technology, pursues high-income individuals evading taxes, Internal Revenue Service
Billionaire Disputes IRS Position on Self-Employment Tax on Limited Partnership Income, Internal Revenue Service
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Views expressed in articles published in Tax Stringer are the authors' only and are not to be attributed to the publication, its editors, the NYSSCPA or FAE, or their directors, officers, or employees, unless expressly so stated. Articles contain information believed by the authors to be accurate, but the publisher, editors and authors are not engaged in redering legal, accounting or other professional services. If specific professional advice or assistance is required, the services of a competent professional should be sought.