Cohen Rife & Jutzi PC

Cohen Rife & Jutzi PC

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Providing Public Accounting Services for 69 years.

How The IRS Is Looking For Its Share Of Cryptocurrency And NFT Growth 02/24/2022

https://www.forbes.com/sites/lynnmucenskikeck/2022/02/22/how-the-irs-is-looking-for-its-share-of-cryptocurrency-and-nft-growth/?sh=19e57b733d1d

How The IRS Is Looking For Its Share Of Cryptocurrency And NFT Growth While many persons trading cryptocurrency or buying a non-fungible token (“NFT”) think they are doing something new and fun, what they don’t realize is that the IRS is looking to collect their share. Persons involved in digital currency are often shocked when they learn of their tax bill.

Welcome To Chutneys 02/18/2022

Best Indian restaurant is

Welcome To Chutneys Chutneys is the premire indian restaurant in Arizona.

IRS backlog hits nearly 24 million returns, further imperiling the 2022 tax filing season 02/18/2022

https://www.washingtonpost.com/politics/2022/02/11/irs-returns-backlog/

IRS backlog hits nearly 24 million returns, further imperiling the 2022 tax filing season The inventory of unprocessed returns and related correspondence was provided by the IRS’s taxpayer advocate service to the tax-writing committees in Congress. The Treasury Department, the IRS’s parent agency, warned in January that it expected its response to be subpar this year.

02/18/2022

Gift tax: This year, the lifetime gift tax exemption amount increased from $11.7 million to $12.06 million. While this year's exemption amount increased as in years past, that number is set to be likely cut half in 2026. The top marginal rate remains 40 percent. For the past four years, the annual gift tax exclusion amount remained at $15,000, but it has increased this year to $16,000. Annual exclusion gifts for non-citizen spouses have increased to $164,000, up from $159,000.

Senators Eye Cryptocurrency Taxes to Fund Infrastructure Plan 07/29/2021

https://www.bloomberg.com/news/articles/2021-07-28/senators-eye-cryptocurrency-taxes-to-fund-infrastructure-plan

Senators Eye Cryptocurrency Taxes to Fund Infrastructure Plan The Senate’s bipartisan infrastructure deal envisions imposing stricter rules on cryptocurrency investors to collect more taxes to fund a portion of the $550 billion investment into transportation and power systems.

As multimillion-dollar IRAs grow, lawmakers vow to curb abuse of these accounts 07/29/2021

https://www.google.com/amp/s/www.cnbc.com/amp/2021/07/28/lawmakers-vow-to-curb-abuse-of-multimillion-dollar-iras.html

As multimillion-dollar IRAs grow, lawmakers vow to curb abuse of these accounts Data for the 2019 tax year shows that 497 taxpayers have $25 million or more in aggregate IRA balances. Some lawmakers hope to curb use of those tax shelters.

The 15 Worst States for Taxing Your Retirement 12/16/2020

https://moneywise.com/a/the-15-worst-states-for-retirement-taxes

The 15 Worst States for Taxing Your Retirement Seniors need to watch out for property tax, sales tax and taxes on Social Security.

This account might cause snags when you claim Social Security 10/25/2019

This account might cause snags when you claim Social Security The rules governing health savings accounts can cause tax complications for people who delay tapping their government benefits beyond their full retirement age.

Health Insurance Options When Retiring Early 10/03/2019

Health Insurance Options When Retiring Early Be prepared for these health insurance costs if you stop working before turning 65.

Paying your bills in bitcoin? Watch out for these tax issues 09/10/2019

Paying your bills in bitcoin? Watch out for these tax issues Beware — the IRS is on the prowl for cryptocurrency tax scofflaws.

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85016

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