IRS Publication 523 allows taxpayers to exclude up to 500,000 of gain if ownership and residence tests are met. The article ...
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The best high-yield savings accounts continue to offer up to 5.00% APY -- for now. Grab one while you can in case rates slide further.
With so many updates impacting credits and deductions, taxpayers may need to do a few extra calculations.
The Tribunal clarified that even where the assessee owns more than ten trucks, Section 44AE can be used as a fair yardstick for income estimation. Arbitrary assessment and multiple additions were set ...
The threshold for receiving a 1099-K is higher — but that doesn't mean you're off the hook if you don't get one.