Oct
14
2019
14
2019
Virtual currency
Virtual currency: IRS issues additional guidance on tax treatment and reminds taxpayers of reporting obligations | Internal Revenue Service http://bit.ly/35mxhMQ
Oct
11
2019
11
2019
When is tax due on Series EE savings bonds?
Do you have Series EE U.S. savings bonds that were bought many years ago, and you now wonder how the interest on them is taxed? EE bonds don’t pay interest currently. Instead, the accrued interest is reflected in their redemption value. (However, owners can elect to have the interest taxed annually.) EE bond interest isn’t subject to state income tax. And using the money for higher education may keep you from paying federal income tax on the interest.
Oct
09
2019
09
2019
Take advantage of the gift tax exclusion rules
As we head toward gift-giving season, you may be considering giving cash or securities to your loved ones. Taxpayers can transfer amounts free of gift taxes to their children or others each year through the use of the annual federal gift tax exclusion. For 2019, the exclusion is $15,000 to each person. If you’re married, gifts made during a year can be treated as split between you and your spouse. By “gift-splitting,” up to $30,000 a year can be transferred to each person by a married couple,
Oct
03
2019
03
2019
Here’s how the credit for other dependents can benefit taxpayers
Here’s how the credit for other dependents can benefit taxpayers | Internal Revenue Service http://bit.ly/2LMgb2U
Oct
01
2019
01
2019
Arizona’s Out-of-State Seller Transaction Privilege Tax Now in Effect
Arizona’s Out-of-State Seller Transaction Privilege Tax Now in Effect | Arizona Department of Revenue http://bit.ly/2ny8nZm
