A recent US Tax Court case (WT Art P’ship LP v. Commissioner, T.C. Memo. 2025-30) illustrates how failing to comply with the technical requirements for substantiating the value of charitable contributions can jeopardize a...more
The IRS adjusts tax brackets and other tax-related amounts for inflation on an annual basis. Based data from the Bureau of Labor Statistics through August 2024, experts have projected the following adjustments to some of...more