Rolling over a 401(k) or other workplace retirement plan into an Individual Retirement Account (IRA) is very common when people change jobs or retire. Among other potential benefits, a rollover lets savers combine multiple accounts to keep better track of everything. But if the rollover isn’t done right, you could end up facing a big […] The post What Tax Rules Apply to an IRA Rollover? appeared first on SmartReads by SmartAsset.
Cohan v. Commissioner stands for the wonderful proposition that in an IRS audit, even if you don’t have receipts, you might still qualify for a tax deduction.
The IRS and FTB have postponed tax filing and payment deadlines to June 17, 2024. Individuals and businesses have until June 17, 2024, to file returns and pay taxes.