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  2. Are Legal Fees Tax-Deductible? - AOL

    www.aol.com/legal-fees-pay-tax-deductible...

    The Tax Cuts and Jobs Act (TCJA), enacted in 2017, brought about several significant changes to the U.S. tax code, including modifications to the deductions for legal fees.

  3. Taxation of illegal income in the United States - Wikipedia

    en.wikipedia.org/wiki/Taxation_of_illegal_income...

    The taxpayer subsequently deducted the legal fees he spent while defending himself. [8] The U.S. Supreme Court held that the taxpayer was allowed to deduct the legal fees from his gross income because they meet the requirements of §162(a), [ 9 ] which allows the taxpayer to deduct all the "ordinary and necessary expenses paid or incurred ...

  4. Are financial advisor fees tax deductible? - AOL

    www.aol.com/finance/financial-advisor-fees-tax...

    The Tax Cuts and Jobs Act (TCJA) of 2017 put an end to the deductibility of financial advisor fees, as well as a number of other itemized deductions. As of January 2018, these fees no longer ...

  5. Internal Revenue Code section 212 - Wikipedia

    en.wikipedia.org/wiki/Internal_Revenue_Code...

    Internal Revenue Code § 212 (26 U.S.C. § 212) provides a deduction, for U.S. federal income tax purposes, for expenses incurred in investment activities. Taxpayers are allowed to deduct all the ordinary and necessary expenses paid or incurred during the taxable year-- (1) for the production or collection of income;

  6. Charitable remainder unitrust - Wikipedia

    en.wikipedia.org/wiki/Charitable_remainder_unitrust

    A charitable remainder unitrust (known as a "CRUT") is an irrevocable trust created under the authority of the United States Internal Revenue Code § 664 [1] ("Code"). This special, irrevocable trust has two primary characteristics: (1) Once established, the CRUT distributes a fixed percentage of the value of its assets (on an annual or more frequent basis) to a non-charitable beneficiary ...

  7. Missing These Tax Credits and Deductions Could Cost You ... - AOL

    www.aol.com/finance/31-tax-credits-deductions...

    The standard deduction, home office rules, and health care expenses are just the start of what to know for filing in 2022. About to file your tax returns? The standard deduction, home office rules ...

  8. Identify legitimate AOL websites, requests, and communications

    help.aol.com/articles/identify-legitimate-aol...

    • Don't reply to any SMS request asking for a verification code. • Don't respond to unsolicited emails or requests to send money. • Pay attention to the types of data you're authorizing access to, especially in third-party apps.

  9. Health and welfare trust - Wikipedia

    en.wikipedia.org/wiki/Health_and_welfare_trust

    (d) The trust is a legal arrangement between the employer, a third-party acting as the administrator and an independent trustee. The expenses to be paid out of the trust must qualify as medical expenses as defined by CRA (specifically subsection 118.2(2) of the Act).