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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Tax Court Case Shows What TikTok Isn’t Telling Taxpayers About Business Expenses
Tax tips on TikTok and other social media can be helpful. But when a tax strategy sounds too good to…
The Employee Retention Credit: Scams And Successes
Tom Cullinan, a former IRS official now with Chamberlain Hrdlicka, discusses the basics of the employee retention credit, the recent…
Trusts To Avoid California Tax Are Outlawed, Moving Away Still Works
It is no secret that many people seek to avoid California taxes by moving right before a major income event.…
The OECD/G-20 Developing Country International Tax Mandate: Year 3
The G-20 is keeping a close eye on how developing countries are faring at the OECD’s inclusive framework. Within the…
Suspect In Tylenol Murders Dead At 76, Had Long-Time Tax Ties
Last month, James W. Lewis died in Cambridge, Mass., of natural causes. If that name sounds familiar, it’s because the…
Feds Net Another Guilty Plea Related To Covid-Related Financial Fraud
In March 2020, Congress passed the Coronavirus Aid, Relief, and Economic Security (CARES) Act to provide emergency financial assistance during…
What You Need To Know And Do As Payments Resume
The federal moratorium that began with Covid ends on August 31. Borrowers can save money and avoid confusion by taking…
Supreme Court Case Renews Focus On Tax Challenges For Americans Living Abroad
Ever since “Under the Tuscan Sun,” I’ve imagined channeling my inner Diane Lane and restoring an old Italian farmhouse. I’m…
A Canadian Tax That Americans Will Love To Hate
As a kid growing up in suburban Detroit, it was frequently noted that our town “looked down” on Canada .…
Why Should We Have To Pay Somebody To Help Us File A Tax Return?
The growing war between the IRS and the commercial tax preparation industry over the agency’s efforts to create a free,…
Why There Are Ads About The Hydrogen Tax Credit Rules
The charitable reading of the grant of statutory authority in the clean hydrogen credit under section 45V(f) is that Congress…
Florida Lottery Ticket Wins $1.58 Billion, $493.5 Million After Taxes
A winning ticket for the $1.58 billion Mega Millions jackpot was sold in Florida. If you are the winner of…
Inside ‘Bidenomics’: Unpacking The President’s Tax Priorities
Tax Notes White House reporter Alexander Rifaat discusses the Biden administration’s economic plan called “Bidenomics” and its effect on tax.…
Trump’s Wrong: Equal Rights Led To American Women’s Soccer Success
The United States women have been narrowly knocked out of soccer’s World Cup in the round of 16, the earliest…
What You Need To Know About Electric Vehicle (EV) Tax Credits
My husband is buying a new car today. He considered buying a new electric vehicle (EV) but ultimately opted not…
Why The Fitch Downgrade Should Be A Wake-Up Call To Washington — Even If It’s Wrong
How concerned should policymakers and their constituents be about Fitch Ratings Agency’s decision to downgrade the United States credit rating…
New Rules Make I-9 Process Simpler —But It’s Still Easily Overlooked
“The I-9 requirement is probably the most overlooked form that really small, trying-to-do-it-themselves employers miss,” says Catherine Madeley, a CPA…
African Cross-Border Trade Growth Demands Tax Transparency
In mid-July, hundreds of African business leaders descended upon Nairobi to discuss trade and investment across the African continent at…