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Ticket Sale Profit Tax Liabilities: Lessons From Taylor Swift

In the whirlwind world of entertainment, scoring tickets to hot events like Taylor Swift's highly anticipated Eras Tour can feel like striking gold. With demand soaring, some savvy individuals have seized the opportunity to turn concerts like Taylor’s into profitable ventures. However, what many may

Home Energy Audit Tax Benefits

Article Highlights: Home Energy Improvements & Tax Credits Home Energy Audit Annual Credit Limit Non-Refundable Credit Improvement Category Limits $1,200 Annual Credit limit Improvements $2,000 Annual Credit limit Improvements Energy Property Qualifications Have you been thinking of making home improvements? If so, and they include

Understanding Shakira’s Ongoing Tax Evasion Case

The world-renowned Colombian singer and songwriter, Shakira, has once again found herself in the spotlight, but this time, it's not for her chart-topping hits or Grammy Award-winning performances. The pop sensation, age 46, has been charged with a second round of tax fraud crimes in

Congress Toying with the SALT Deduction Limitation

Article Highlights: 118th Congress SALT Deduction Limitations Deduction Background States Most Affected Pending Legislation Who Benefits from a Change Tax Foundation Statistics There is movement in the 118th (2023-2024) U.S. Congress, primarily the House of Representatives, which has three bills before it that would liberalize

The Tax Bite of Powerball Winnings: What You Should Know

Have you ever dreamed of winning the Powerball jackpot? The allure of sudden wealth and financial freedom is undeniable, but there's one thing that many winners overlook until it's tax season – the substantial tax bill that comes with their lucky break. Winning the Powerball

Are Those ERC TV Ads Too Good to Be True?

Article Highlights: TV promotions IRS commissioner Comments Understanding the Credit Credit Eligibility Ancillary Issues Not Qualified for the Credit Seems like the TV commercials promoting filing for the Employee Retention Credit (ERC) haven’t gone away despite warnings from the IRS, the American Institute of CPAs,

Going Green: Insights Into Wind and Solar Project Taxation

As the world begins to embrace renewable energy sources to combat climate change, utility-scale wind and solar projects are growing at an incredible rate. These initiatives have become increasingly common in response to a variety of factors, such as a changing planet, federal tax incentives,