WASHINGTON — The Biden administration’s $80 billion overhaul of the Internal Revenue Service is facing a new line of attack, this time from lobbyists representing tax preparers who fear that the agency’s growing power will cripple their businesses and infringe upon taxpayer privacy. The fight is over a potential plan for the I.R.S. to create […]
The Income Tax Act of 1961 offers a number of home loan tax deductions and encourages residents to invest in real estate. Home loan borrowers should be aware of all available home loan tax deductions because doing so can allow you to significantly reduce your tax liability. These are the tax benefits or income […]
San Francisco Tax Preparation / CPA: IRS Reminds Taxpayers to Report Digital Asset-Related Income (IR-2023-12) The IRS has reminded taxpayers that they must report all digital asset-related income when they file their 2022 federal income tax return, as they did for fiscal year 2021. The term “digital assets” has replaced “virtual currencies,” a term used in previous years. The […]
Bay City Tribune Events – AARP Tax-Aide Tax Preparation Bay City Dail
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Creighton University accounting students provide free tax preparation help