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Giving to charities has been a pillar of American philanthropy, supporting communities and causes all around the world. But the IRS now warns of a concerning trend: an increase in scams that use fake charitable contribution schemes to target taxpayers. These frauds harm taxpayers’...
The tax law will keep changing as the year progresses. One important change so far is the addition of IRS Form 15620, which will make 83(b) election filing easier. Early-stage workers, business entrepreneurs, and those negotiating equity pay may be impacted by this development....
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