{"version":1,"type":"rich","provider_name":"Libsyn","provider_url":"https:\/\/www.libsyn.com","height":90,"width":600,"title":"Episode 144: New Tax Credits, Crypto, and IRS Chaos","description":"In this episode:  Federal Scholarship Tax Credit (2027) \u2014 Up to $1,700 non-refundable credit for K\u201312 scholarship donations; no income limits; requires state opt-in Cryptocurrency staking rewards \u2014 Tokens taxable as income upon receipt; deferral legislation proposed but not yet law 1099-DA reporting (2027) \u2014 Brokers must report digital asset sales; provide all 1099s to your preparer Charitable contribution rules \u2014 Cash must be documented; GoFundMe not deductible; large non-cash donations require appraisals $4.2M charitable deduction denied \u2014 Tax court disallowed due to inadequate documentation Hobby loss rules \u2014 Losses only deductible if activity is run with genuine profit motive Family limited partnership discounts \u2014 Court upheld IRS challenge; deemed tax-motivated with no business purpose Estate tax Form 706 &amp;amp; closing letters \u2014 Portability elections, new request fee, and 2\u20133 year processing delays 2027 Social Security wage base \u2014 Increases to $190,200; effectively a tax hike for higher earners Amended returns (Form 1040-X) \u2014 3-year filing window; e-file for faster refunds IRS workforce decline \u2014 Staffing down 28%; enforcement agents down 33%; fewer audits and slower service  ","author_name":"Accounting and Accountability","author_url":"http:\/\/fawcasson.libsyn.com\/website","html":"<iframe title=\"Libsyn Player\" style=\"border: none\" src=\"\/\/html5-player.libsyn.com\/embed\/episode\/id\/41900290\/height\/90\/theme\/custom\/thumbnail\/yes\/direction\/forward\/render-playlist\/no\/custom-color\/88AA3C\/\" height=\"90\" width=\"600\" scrolling=\"no\"  allowfullscreen webkitallowfullscreen mozallowfullscreen oallowfullscreen msallowfullscreen><\/iframe>","thumbnail_url":"https:\/\/assets.libsyn.com\/secure\/item\/41900290"}