If a user wants their iCloud data to be accessible to designated beneficiaries after their death, they can set up Legacy Contacts on their account. A Legacy Contact beneficiary gains access to all of the decedent’s iCloud data, including almost all end-to-end encrypted data but excluding iCloud Keychain data like account passwords. The technology
The Texas Comptroller of Public Accounts is warning citizens that criminals are sending emails impersonating the agency’s Open Records Division, claiming citizens have committed a code violation. Do not click any links in these communications. To cause you to react and click on the link, these fraudulent emails use the subject line: Code Violation
The IRS has issued a news release reminding taxpayers that they must answer the digital asset question and report all digital asset income when they file their 2023 federal income tax returns. ( IR 2024-18 , 1/22/2024) Digital asset question. Generally, the digital asset question for individuals reads: "At any time during 2023, did
The Corporate Transparency Act (“CTA”) was enacted January 1, 2021, as part of the National Defense Authorization Act, representing the most significant reformation of the Bank Secrecy Act and related anti–money laundering rules since the U.S. Patriot Act. The CTA is intended to address and guard against money laundering, terrorism financing, and other forms of
With tax season in the rear view mirror, now is the time to take a hard look at your federal and/or state withholdings to ensure next year's tax bill does not surprise you. A review is more important than ever There are a number of tax code changes that will impact the amount of
A recent tax law change by this edition of Congress now requires transaction reporting to the IRS for anyone receiving more than $600 in payments through digital payment tools like PayPal, Venmo, and CashApp. It also impacts anyone using transaction platforms to buy or sell tickets for sporting events and concerts. Here is what
Your charitable contribution deductions are still a great tax savings tool, but they now require more planning. Now is a great time to look at this area as part of your tax planning exercise. Background Typically, cash and non-cash charitable donations can be deducted on an itemized return. But with the standard deduction now
If you’re getting a refund, here are four useful tips to know. The average refund is more than $3,500. Through February 18, the IRS reports the average refund is $3,536, which is up 22% versus the same time last year. Since a refund is really your money to begin with, it’s like giving the
Both your individual tax return AND first quarter estimated tax payment are due by Monday, April 18th. Here is what you need to know. First quarter due date: Monday, April 18, 2022 The estimated tax payment rule You are required to withhold or prepay throughout the 2022 tax year at least 90 percent of
The individual tax deadline of April 18th (yes, this year it's April 18th!) is fast approaching. Here are answers to five common questions that taxpayers typically ask in April. What happens if I don’t file on time? There’s no penalty for filing a tax return after the deadline if you are set to receive