arising from down stock markets and increased employee mobility getty The 2023 tax-return season is unlike others in recent memory for employees who have equity compensation, whether stock options, restricted stock units, employee stock purchase plans, and/or and company shares. The impact of the down and volatile markets of 2022 can complicate your tax return. […]
Presented below is our summary of significant Internal Revenue Service (IRS) guidance and relevant tax matters for the week of February 13, 2023 – February 17, 2023. February 13, 2023: The IRS released Internal Revenue Bulletin 2023-7, which highlights the following: Revenue Procedure 2023-9: This procedure provides new rules and conditions for implementing the optional
Weekly IRS Roundup February 13 – February 17, 2023 Read More »
15 February 2023 SyCip Salazar Hernandez & Gatmaitan To print this article, all you need is to be registered or login on Mondaq.com. Does the Court of Tax Appeals have jurisdiction over a tax dispute involving solely two government agencies under the Executive Department? None. In The Department of Energy (“DOE”) v.
Tax Season: 1040 U.S. Individual Income Tax Return getty One of the confusing things about tax season for many taxpayers is that the rules and brackets may be very different from year to year. For example, more than 60 tax provisions posted in Revenue Procedure 2021-45—made public about a year and a half ago—apply to
What Looks Different And What You Need To Know About Your 2022 Tax Return Read More »
There are some ways to use cryptos dismal year to lower your tax bill getty What Happened It has been a rough 2022 for cryptocurrency holders who had to face the collapse of luna and its associated stablecoin terraUSD, the meltdown of several digital-asset exchanges, and a brutal financial winter that cut the market value
Year-End Tax Tips After Crypto’s Dismal 2022 Read More »
Getty getty As 2022 begins, tax practitioners everywhere are looking to the upcoming tax season with trepidation and dread. Since the beginning of the pandemic, the tax industry has not just been preparing tax returns. Rather they have been administering numerous plans from helping clients obtain PPP to reconciling stimulus payments to dealing with an increase in
Want To Make A 2022 Financial Resolution? Don’t Overlook These Tax Tips Read More »
1. Home office expenses With many of us working from home, there are several home office expenses you may be able to claim as tax deductions. These include: Keep in mind that most people aren’t able to claim: Home expenses, like mortgage interest, rent and rates Costs of general household items, like coffee, tea and
8 tax deductions you may be able to claim at tax time Read More »
