by Arthur Geffen | Jun 8, 2022 | crimes, Income Tax
DES MOINES, IA – Kevin Jeffrey Stiller, age 59, of Ankeny, was sentenced Tuesday, June 7, 2022, to 18 months in prison for failing to file income tax returns. Stiller pleaded guilty on February 3, 2022, to two counts of failure to file income tax returns, one for each...
by Arthur Geffen | Apr 28, 2022 | Income Tax
Are higher taxes coming to go along with inflation? It sure looks that way. And while some of the spin is being directed at the Billionaire’s tax—that actually kicks in at a tenth of a billion dollars—there are plenty of other tax hikes proposed for more modest...
by Arthur Geffen | Apr 28, 2022 | Income Tax, Trusts
The temporarily doubled gift, estate, and generation-skipping transfer tax exemption has resulted in the creation of many new irrevocable trusts. Some of these are grantor trusts, and thus the grantor continues to pay the income tax on the trust income. However,...
by Arthur Geffen | Mar 30, 2022 | Estate Tax, Income Tax
On March 28th, the Biden Administration issued a 250-page General Explanation of the administration’s fiscal year 2023 revenue proposals. Click this link the view the “Green Book” PDF. Well-advised taxpayers are already considering actions to take before these...
by Arthur Geffen | Mar 3, 2022 | EITC, Income Tax, Income Tax Credits
This Fact Sheet provides frequently asked questions (FAQs) for Tax Year 2021 Earned Income Tax Credit. More people without children now qualify for the Earned Income Tax Credit (EITC), the federal government’s largest refundable tax credit for low- to...
by Arthur Geffen | Nov 3, 2021 | Charitable Gifts, Income Tax
WASHINGTON – The Internal Revenue Service today reminded taxpayers that a special tax provision will allow more Americans to easily deduct up to $600 in donations to qualifying charities on their 2021 federal income tax return. Ordinarily, people who choose to...
