Suozzi Accounting & Tax

05/02/2025

A donation to the Met Museum provided a $74 million tax write-off—until the taxmen stepped in.

02/14/2025

“I’m still mad about it,” says one taxpayer who was hit with a 10% penalty.

06/28/2024

https://www.wsj.com/finance/currencies/crypto-investors-to-see-tighter-tax-rules-starting-in-2026-fe05fdbc?mod=hp_lead_pos10

In a long-awaited step against tax evasion in cryptocurrency markets, the Treasury Department adopted a final rule requiring many crypto platforms to begin reporting users’ transactions to the Internal Revenue Service.

03/18/2024

We answer a reader’s question about the tax rules for new businesses and hobbies.

03/16/2024

https://www.wsj.com/personal-finance/taxes/flat-tax-pros-and-cons-c06cc31e?st=7ro3t11rqn4mtcw&reflink=article_copyURL_share

The U.S. tax code is mind-boggling in its complexity, but the hurdles to simplifying it are surprisingly high.

02/04/2024

The revamped tax credit would boost refunds for many low-income families.

02/02/2024

Married couples can often chip in extra funds to a second retirement account—even when one of them isn’t working.

11/21/2023

The tax agency warned of headaches for users of eBay, Venmo and Ticketmaster if it had started enforcing the new Form 1099-K rules.

11/09/2023

The Internal Revenue Service announced its annual inflation adjustments to federal income-tax brackets for 2024

11/02/2023

IR-2023-203: 401(k) limit increases to $23,000 for 2024, IRA limit rises to $7,000 Internal Revenue Service (IRS) sent this bulletin at 11/01/2023 02:05 PM EDT IRS Newswire November 01, 2023 News Essentials What's Hot News Releases IRS - The Basics IRS Guidance Media Contacts Facts & Figures Around....

08/25/2023

Long-delayed regulations would treat crypto platforms more like brokers who handle stocks and mutual funds.

07/14/2023

Inheritors subject to a new 10-year payout window don’t have to take required minimum distributions for 2023.