accountingweb.co.uk21h
Navigating allowable and disallowable expenses: A guide for accountants supporting landlords
For landlords, correctly identifying allowable and disallowable expenses is essential for accurate tax reporting and ...
Bankrate on MSN13h
Are 529 plan contributions tax deductible? Plus other FAQs
Key takeaways Some states offer deductions for 529 plan contributions up to certain limits. 529 plan contributions and ...
Cantech Letter18h
Why do schools not teach how to do taxes?
U.S. schools generally do not teach students how to do taxes due to a combination of historical priorities and curriculum ...
The College Investor on MSN17h
What Are Multigenerational Or Dynasty 529 Plans?
Imagine a college savings account that not only funds your child’s education but also supports your grandchildren, ...
Tax Guru20m
AO couldn’t reopen old Assessments using future amendment banning Goodwill depreciation and in absence of reasons to believe
AO issued a notice under Section 148 to reopen the assessment on the ground that the company had wrongly claimed Rs. 17.37 crores as lease payments under revenue expenditure, had improperly accounted ...
Tax Guru20h
ITAT Pune allows Foreign Tax Credit: Form 67 filing is procedural, not mandatory
ITO before the ITAT Pune pertains to the denial of Foreign Tax Credit (FTC) due to the delayed filing of Form 67. The assessee, a resident taxpayer, had declared an income of ₹28,88,780 for AY 2021-22 ...
The IRS Could Take a Cut of Your Social Security Benefits if Your Income Exceeds Certain Thresholds
You can also request that the IRS withhold money for taxes from your Social Security checks up front. This would save you the ...
Why You May Owe More Tax Soon on Popular Employee Benefits
Parking near or on your company’s premises. The proposal is estimated to save $50 billion in spending over 10 years. Kate is ...