Taxes
IRS Disallows 20,000 ERC Tax Refund Claims As Enforcement Tightens
As part of continuing efforts to combat dubious Employee Retention Credit (ERC) claims, the Internal Revenue Service is sending an initial round of more than…
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Paying Taxes And Checking Your Earnings History Can Help Boost Social Security Retirement Benefits
Not a week goes by that I don't get a question about Social Security and taxes. Most often, taxpayers wonder…
IRS Announces Plans To Ramp Up Enforcement On Millionaires, Partnerships, And Crypto Users
IRS Commissioner Danny Werfel gave us a glimpse of what was coming last month when he suggested that taxpayers would…
A Higher Standard Deduction Means Even Fewer Households Should Care About The SALT Fight
As House Republicans engage in a nasty internal battle over whether to raise the $10,000 cap on the state and…
Checking In With Congress: Fall 2023 Preview
Tax Notes Capitol Hill reporters Cady Stanton and Doug Sword preview what to expect from Congress in tax policy this…
New York Now Has The Highest Cigarette Tax As Rates Stay Flat In Most States
In the mood for a smoke? If you’re in the Empire State, it’s going to cost you. As of September…
Everybody Wants To Rule The Tax World
It’s official: The turf war is on. That’s the takeaway from the report on international taxation from U.N. Secretary-General António…
How To Take Time Off From Work—And Really Mean It
Americans are terrible about taking time off from work. While reasons may vary, the Pew Research Center recently reported that…
Ramaswamy’s Dynamic Debate Performance Is Paired With An Incoherent Economic Agenda
Following the first Republican presidential primary debate, businessman Vivek Ramaswamy seems to be having a moment. That makes it a…
Ramaswamy: A Dynamic Debate Performance Paired With An Incoherent Economic Agenda.
Following the first Republican presidential primary debate, businessman Vivek Ramaswamy seems to be having a moment. That makes it a…
Businesses With Large Cash Transactions May Need To E-File Some Forms Beginning Next Year
The IRS has announced that beginning Jan. 1, 2024, businesses that are required to file Form 8300, Report of Cash…
IRS Gives Hurricane Idalia Victims Tax Extension To Feb. 15 + Relief
The IRS as announced tax relief for individuals and businesses affected by Idalia in parts of Florida. These taxpayers now…
IRS Exempts Most State Tax Refunds, Some Other Payments From Tax
The IRS has announced guidance on the federal tax status of refunds of state or local taxes, and certain other…
Tax-Free Crypto Profits? Robert F. Kennedy Jr.’s Unusual Plan
Tax Notes contributing editors Robert Goulder and Joseph J. Thorndike examine Robert F. Kennedy Jr.’s cryptocurrency tax proposal, all in…
Uncashed Gifts Are Included In An Estate
A gift is only a gift when it is completed, according to the tax code. In a recent case, an…
IRS Issues Reminder About Tax-Free Way To Help Employees Pay Student Loans
Student debt has more than tripled since 2006. That year, borrowers collectively owed more than $500 billion in student loan…
Tax And The Future Of Artificial Intelligence
John McGowan of HubSync discusses artificial intelligence and its role in the tax field. This transcript has been edited for…
South Carolina Revenue Department Hopes That Back To School Includes Tax Education
Today was the first day of school for my son. His schedule was packed with math, foreign languages, English, science—but…
The Potential For Direct Tax E-Filing In The United States
Google, Meta, and several tax prep companies, including H&R Block and TaxAct, are fielding an escalating number of U.S. lawsuits…