The Department of the Treasury and the Internal Revenue Service issued proposed regulations providing guidance to employers that choose to make contributions to Trump Accounts for employees or their dependents. The proposed regulations also clarify nondiscrimination...
Scammers have been known to take advantage of people’s kindness and generosity. Whether it’s creating a fake charity or encouraging the use of inaccurate estimates for donated property, taxpayers should be aware and proceed with caution. Let’s explore these common...
Taxpayers who have made or plan to make charitable donations during the year should keep good records of all their contributions. Organized records can make tax filing easier and help support a deduction if it's claimed on a federal tax return. Here are some tips to...