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Although your chances of being audited are very slim -- as of tax year 2022, just 0.38% of tax returns triggered an audit -- it's still something you may want to take precautions to avoid. While ...
For the 2023 tax year, single U.S. residents must file Form 8939 if their foreign assets exceed $75,000 at any time during the tax year or $50,000 as of the end of the tax year. If you file ...
There are few words in the English language more likely to produce an involuntary wince than “audit.” That’s because having the IRS into every little detail of your tax return can...
By avoiding foolish mistakes and taking the right steps now, however, you can minimize your risk of an IRS audit down the road.
In the 1st century AD, Jewish Zealots in Judaea resisted the poll tax instituted by the Roman Empire. [3]: 1–7 Jesus was accused of promoting tax resistance prior to his torture and execution ("We found this fellow perverting the nation, and forbidding to give tribute to Cæsar, saying that he himself is Christ a King" — Luke 23:2). [4]
Well, because anyone doing a lot of stock trading, particularly in a regular taxable investment account, is likely racking up plenty of tax hits, some of them short-term, too, which feature ...
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