12/27/24 Update: On December 26, 2024, a panel of the U.S. Court of Appeals for the Fifth Circuit issued an order vacating the Court’s December 23 order granting a stay…
The end of the year is filled with joy, generosity, and tax planning. As we approach year-end, it’s important to be aware of charitable giving rules and regulations to properly…
Last week, the IRS issued News Release 2024-299, providing certain relief for 2024 Form 1099-K reporting. As part of the release, the IRS reiterated that taxpayers must be issued a…
Here at Tax School, we want to take this opportunity to say, “Thank you” to all of you who have attended our Fall Tax School, seminars, and webinars, completed a…
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Determining whether a minister is deemed self-employed or an employee is essential because this governs how the minister is taxed. In common law, a worker is classified as either self-employed…
With the 2024 tax filing season around the corner, practitioners should also keep in mind 2025 tax numbers and rates that will impact their clients for the coming year. The…
