If you use a personal vehicle for business reasons, you can take many deductions for your car. This potentially includes the cost of gasoline. But, can you deduct gasoline and mileage on your taxes? Here’s what you should know:
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Canada Just Passed Law Increasing Exclusion Rate For Capital Gains To 66.6%Here is word for word a copy of an email sent to my inbox recently. Beware of all the swearing in case you may be offended. These are the types of emails I receive. “My home and native land […]
Biden Proposes Highest Capital Gains Tax in Over 100 YEARSBidens 2025 budget proposal raises the top marginal rate on long term capital gains and qualified dividends to 44.6 percent. The Biden administration has proposed the highest top capital gains tax in […]
What Is The BEAT For MNEs?According to Senior Economist, Alan Cole at the Tax Foundation, BEAT is the acronym for Base Erosion and Anti-abuse Tax. “Base erosion is the loss of corporate income tax revenues from global […]
Event Waivers And ReleasesWritten waivers and releases (generally, here, a “Release”) have become ubiquitous in the American way of life – axe throws, bounce houses, rock climbing parks, mechanical bulls, little league […]
Learn IRS Site Publications On Tax Credits That Are Not Easy To FindEarth Day was April 22, 2024, TaxConnections takes responsibility for the delay in publishing..oops! Professor Annette Nellen at San Jose State University published this post originally on her 21st […]
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