On the most basic level, artists who may not earn much or any of their income from the sale of their artistic output need to prove to the IRS that they are professionals and not just dilettantes.
Ed Mendlowitz is making 190 tax season, practice management and personal tips checklists available in a usable searchable Word format.
The IRS is warning against a tax scam involving frivolous art donation tax deductions ... retirement, and financial planning and had financial advice commissioned by national print publications.
Robert W. Wood is a tax lawyer focusing on taxes and litigation. The IRS has warned taxpayers to watch for promotions involving exaggerated art donation tax deduction deals that target high-income ...
Tax planning is the analysis and arrangement of ... Here are some big ones. Giving money, cars, art, investments, household items or other things to charity. Child and dependent care credit ...
The 2017 Tax Cuts and Jobs Act (TCJA ... managing director of the Merrill’s Strategic Wealth Advisory group and head of art planning for Merrill Lynch, told Observer. If a UHNWI doesn’t ...
Even if a client's net worth is under the federal estate tax exemption limits, financial advisors can help their high-net-worth clients minimize taxes by planning ahead and implementing certain ...