JD Supra15h
Business Owner Borrows from Their Private Foundation – A Different Form of “For Profit Philanthropy”?
Many successful business owners attribute some part of their success to their community. For some of these owners, it is not enough to ...
Yes, income from your winning Super Bowl wager on the Eagles is taxable. So were winning bets on the election in November.
"It's taxable income," said Matthew Foreman, a tax attorney and partner at law firm Falcon Rappaport & Berkman. The winnings are income even if the prediction platforms don't send a notice formally ...
Navigating the IRS alphabet soup: There are nearly two dozen different 1099 forms, we explain them all
Have you received a 1099 tax form that you don’t understand? Our guide describes the basics of the nearly two dozen different ...
Explícame on MSN1d
Are your Social Security benefits taxable? IRS explains
The IRS Publication 915 (2024) offers now a comprehensive guide to help you determine if your benefits are taxable, how to ...
Ten IRS Audit Red Flags for Self-Employed Individuals
Being in business for yourself can be exciting, lucrative, and a great way to draw the attention of the IRS's audit division.
Tax Breaks: The IRS Is Still Open For Business Edition
Plus: Trump tariffs, beneficial ownership information (BOI) reporting, Earned Income Tax Credit, student loan interest ...
Yes, your Super Bowl winnings on Kalshi are taxable — just like your win on Trump’s election victory
Prediction-market winnings are taxable income, even if platforms don’t send a notice reporting the money to the recipient and ...
Tax Guru5d
Tax Incentives and Revenue Loss: Corporate Sector Update
Ministry of Finance addressed revenue loss and benefits related to tax incentives for corporates. From Assessment Year (AY) 2020-21 to AY 2024-25, companies claimed various income tax exemptions and ...