by admin | Aug 23, 2022 | Tax
It is not too often that regular participants in #TaxTwitter create a youknow-storm on Twitter, but Adam Markowitz EA managed it with this gem. All of my GOP friends who are worried about 87,000 IRS enforcement agents coming after the little guy… How about just...
by admin | Aug 23, 2022 | Guest Post
by Amos Faulkner Image: Pexels According to a Bloomberg survey of top economists, the chance of a recession in the U.S. is more than 47%. Because of the high rate of inflation and rising interest rates, the likelihood of economic shrinkage in the next year...
by admin | Aug 11, 2022 | Tax
Introducing a new guest on Your Tax Matters Partner. Mike Sylvester has some idea about how the IRS should spend the new money that will be coming its way. The Inflation Reduction Act (IRA) H.R. 5376 is unlikely to change and will likely be signed into law by...
by admin | Aug 10, 2022 | Tax
US Tax Court Chief Judge Kathleen Kerrigan’s order and decision recognizing Aegis For Dreams Foundation as a 501(c)(3) organization effective July 2, 2022 is the best tax news I have heard this year. Matthew Ryan, currently the foundation’s sole trustee,...
by admin | Jul 27, 2022 | Tax
The rules for substantiation of charitable deductions are very strict with extra layers when a donor advised fund or property donations are involved. You can get a pretty good feel for how things can go badly wrong from a recent opinion by Judge Jane Boyle of the...
