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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Can Cities Recover Their Pandemic Population Losses?
Among its many damages, the Covid-19 pandemic caused major population losses in many US cities, through a combination of working…
IRS Announces Plans To (Almost) Go Paperless Beginning In 2024
During the pandemic, taxpayers saw photos from the IRS cafeteria in Austin, Texas, showing racks and racks of paper filling…
Taylor Swift Says Thank You To Eras Tour Workers By Handing Out Checks
By any measure, Taylor Swift's Eras Tour is a success. It's on tap to become the highest-grossing tour of all…
Hunter Biden Plea Agreement Documents Made Public
In June of 2023, Hunter Biden, the son of President Joe Biden, was charged with tax and gun charges as…
Transforming The IRS Will Require More Than Additional Funding
IRS Commissioner Danny Werfel recently appeared at the National Association of Tax Professionals’ annual Taxposium conference via a recorded message.…
Tax Preparer Arrested For Seeking Over $124 Million In Phony Tax Credits
For months, the IRS has warned taxpayers that the Employee Retention Credit—or ERC—has become a magnet for fraud. Last week,…
Manal Corwin Takes The Helm: Updates On The OECD Tax Reform Plan
Manal Corwin, the new director of the OECD's Centre for Tax Policy and Administration, discusses her vision for the organization…
Can CPAs Prepare Your Taxes For A Percent Of Your Tax Savings?
Contingent legal fees are customary in personal injury cases. Increasingly, they are the norm in employment lawsuits too. Indeed, the…
New Tax Aimed At Paying Long-Term Costs For Older Adults Faces Criticism
Workers in Washington state saw a new deduction in their paychecks last month: a tax on wages meant to help…
IRS Rules Staking Rewards Are Taxable When Received
Rewards earned from staking cryptocurrency are to be included in a taxpayer’s gross income when received. For those who follow…
Navigating IRS Collection And Payment
A large portion of my client base involves small business owners with financial troubles due to a failure of paying…
50 Years Ago This Week, Tax Analysts Called Nixon A Tax Cheat
On July 30, 1973, Tax Analysts accused President Richard Nixon of playing fast and loose with the tax laws. In…
IRS Taps Padrino For New Role Focused On Improving Taxpayer Experience
The IRS is clearly serious about moving its Strategic Operating Plan forward. The plan, which was released in April, has…
FinCEN Reporting Requirements May Prove Problematic For Small Businesses
The provisions of the Corporate Transparency Act affect virtually every LLC in the United States. Yet many small- to medium-sized…
Two New Bills Would Target The PGA Tour And Its Tax-Exempt Status
Golf season is in full swing in parts of the U.S. — but a U.S. Senator is making golf news…
OECD Agreement On Amount B Tax Deal Remains Elusive
Establishing a streamlined transfer pricing approach for baseline distribution — originally seen as the least controversial aspect of the OECD-brokered…
College Affordability Requires Cutting Costs, Not Canceling More Debt
The past two months have made clear that President Biden’s approach to making higher education more affordable isn’t working. First,…
IRS Continues To Focus On Fraudulent Employee Retention Credit Claims
A pandemic-related tax credit continues to be in the news—and the focus of IRS scrutiny. The Employee Retention Credit—or ERC—is…