Separation and Divorce Tax Issues to Consider

Separation and Divorce Tax Issues to Consider

Singer Neil Sadaka was right: breaking up is hard to do. For clients in the process of ending their marriage, there is more to consider than a simple separation of assets. Whether legally separating or divorcing, they could be facing big changes in their individual tax situations—and the Internal Revenue Service recently highlighted information that could help.… Read more about Separation and Divorce Tax Issues to Consider (Feed generated with FetchRSS) – Story provided by TaxingSubjects.com…

2022 Mileage Rates Increasing

2022 Mileage Rates Increasing

Due to rising gasoline prices, the Internal Revenue Service has taken the rare step of increasing its optional standard mileage rates for the last six months of the 2022 tax year. These rates are significant since taxpayers use them to calculate the deductible costs of operating a vehicle for business purposes.… Read more about 2022 Mileage Rates Increasing (Feed generated with FetchRSS) – Story provided by TaxingSubjects.com…

Prior-Year Info Added to Where’s My Refund

Prior-Year Info Added to Where’s My Refund

The Internal Revenue Service continues to add functionality to its online tools, now putting more muscle behind its Where’s My Refund? feature. Used more than 776 million times in 2021, it is one of the agency’s most popular online offerings—and it can reduce client questions about refund status.… Read more about Prior-Year Info Added to Where’s My Refund (Feed generated with FetchRSS) – Story provided by TaxingSubjects.com…