Under the new tax law enacted effective January 1, 2018, Congress doubled the gift, estate and generation-skipping transfer (GST) exemptions to $11,180,000. The gift tax annual exclusion for 2018 also increased to $15,000 per donee.
If you have seriously delinquent tax debt, IRC § 7345 authorizes the IRS to certify that to the State Department. The department generally will not issue or renew a passport to you after receiving cer
See this 02-01-2023 article by Wooyoung Lee and Nina Krauthamer Ruchelman PLLC BACKGROUND Congress enacted the N.I.I.T. in 2012 as part of a 2010 law amending the Affordable Care Act ("A.C.A."), more
A US citizen attending a qualified Canadian university, if eligible for American Opportunity Tax Credit (AOTC), could on a 1040 claim it as a USD $1,000 refund (and up to four eligible years). A taxpa