052 When Charitable Contributions Are Not Deductible Part 1
In this episode 52, tax planning is discussed. Charitable contributions are being denied by the IRS not because of lack of receipts, but because a line is missing in the letter. In next week’s episode, I will go into further detail.
For State tax news, I discuss Married Filing Jointly rule changes for Hawaii and Missouri.
In Tennessee, I discuss Power of Attorney proposed changes.
New York’s “Responsible Person” Rule and other Sales ax News.
Should you get sales tax exemption certificate from customers.
Nebraska is proposing tax reform.
For Federal tax news, don’t start a company with a IRA and pay yourself compensation.
Self-Employed couples must calculate their self-employment taxes separately.
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Navigating The Tax Headline of the Week
NewsletterQ&A coming soon.
Tax TipsThe Additional Child Tax Credit is available on dependents under the age of 17.
- CIRCULAR 230 DISCLOSURE "We are required by IRS Circular 230 to inform you that the advice contained herein (including all attachments) was not intended or written to be used for the purpose of avoiding any penalties that may be imposed under Federal tax law and cannot be used by you or any other taxpayer for the purpose of avoiding such penalties."
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