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Unraveling The Income Taxation Of Art

It s crucial to consider the tax implications when selling art. The taxation of income from tangible assets differs from that of other types of investments. ....

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IRS warns of art promotion tax schemes | Financial Planning

IRS warns of art promotion tax schemes | Financial Planning
financial-planning.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from financial-planning.com Daily Mail and Mail on Sunday newspapers.

Danny Werfel , Art Appraisal Services , Appraisal Services ,

Art Donation Tax Scam Targets Wealthy Filers

There’s an art tax scam circulating, and the IRS says high-income taxpayers are most at risk. The IRS is warning against a tax scam involving frivolous art donation tax deductions, where promoters promise “too good to be true” art values. Unlike some other tax scams that the IRS warns taxpayers about, this art scam specifically targets high-income taxpayers. The warning comes as the IRS ramps up enforcement on high-income earners including millionaires and “tax cheats.” IRS audits of questionabl ....

Danny Werfel , Art Appraisal Services , Tax Administration , Inspector General , Appraisal Services , Charitable Donations , Tax Deductions , Art Donations , Charitable Donation , Art Appraiser ,

Art Donation Tax Scam: What Wealthy Filers Should Know

There’s an art tax scam circulating, and the IRS says high-income taxpayers are most at risk. ....

Danny Werfel , Tax Administration , Art Appraisal Services , Inspector General , Appraisal Services ,