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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Why You Should Know What You Paid For An Investment
I have a weird habit of remembering what I paid for things. Yes, I am the person that can tell…
IRS Postpones Rule That Hit Older, High Paid 401(K) Savers-And Their Employers
The IRS is again pushing off a start date for new legislation by introducing a transition period. Earlier, the IRS…
IRS Takes Aim At “Copyrighted” Trust Scheme
I hate having the first thing I hear about a fantastic scheme to be that the IRS is onto it.…
As Rumors Fly About Mar-A-Lago, What You Should Know About Taxes And Family Property Transfers
Tongues were wagging this morning after a Zillow update reportedly indicated that former President Donald J. Trump sold Mar-a-Lago for…
The OECD Tax Plan’s Pillar 1 Amount B: Disagreements And Divides
Tax Notes contributing editor Ryan Finley provides an overview of amount B from pillar 1 of the OECD’s two-pillar corporate…
Australia TikTok Tax Fraud Illustrates Misinformation Escalation
Australia is reeling from a billion-dollar TikTok tax fraud scheme. Apparently, social media influencers helped entice nearly 60,000 people to…
Justice Department Lauds Criminal Charges Tied To Over $836 Million In Alleged Fraud
It’s been just over three and a half years since Alex M. Azar II, Secretary of Health and Human Services,…
Fraud Victims Owe Taxes On IRA Withdrawals
A recent tax case is one of the saddest ever and shows how the tax law often has intended consequences.…
IRS Tips On Employee Retention Credit Refunds, ERC Audits & Fraud
The ERC is a refundable tax credit designed for businesses who continued paying employees while shut down due to the…
Lawsuits Against Google And Meta Allege Websites Are Spying On Taxpayers
Users of tax prep websites in seven states have filed a class action lawsuit against Google GOOG , LLC, claiming…
What To Look For In Tomorrow’s Republican Presidential Debate
This segment of What’s Ahead lays out the telltale signs for a possible Reaganesque candidate emerging from tomorrow’s Republican debate.…
Tax Regs Address Overwithholding With Qualified Derivatives Dealers Exemption
Section 871(m) treats payments under equity derivative contracts that reference U.S.-source dividends as if they are equivalent to U.S.-source dividends,…
IRS Delays Hawaii Wildfire Victims Tax Filing & Payments To Feb. 15
The IRS has announced expansive tax relief for Hawaii wildfire victims in Maui and Hawaii counties. These taxpayers now have…
IRS Criminal Investigation Identifies Special Agent Killed In Training Incident
IRS Criminal Investigation officials have identified the individual killed Aug. 17 in a training incident at the Federal Correctional Institution,…
Tax Court Judge Suggests Glue Factory For Retired Thoroughbred Horses
Mark Holmes is noted as being one of the better writers among Tax Court judges. His work on the Estate…
ERC And The Dangers Of An IRS Examination
The Basics of ERC A recurring concept in the media is the Employee Retention Credit. The ERC is a refundable…
Missing Billions? Potential Problems Of Omitting Tax Expenditures
Robert Goulder of Tax Notes and Don Susswein, Tony Coughlan, and Kyle Brown of RSM US LLP discuss the exclusion…
IRS Commissioner Says Extra Funding Resulted In Dramatically Improved Service To Taxpayers
"What a difference the past 12 months has made." That was how IRS Commissioner Danny Werfel kicked off remarks focused…