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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Remember You Are Mortal And Make Your Annual Exclusion Gifts In January
One of the most basic estate planning technique for someone likely to have a taxable estate is regular annual exclusion…
Are The EU’s State Aid Tax Challenges Of Flimsy APAs Doomed?
The European Commission’s ability to ensure that advance pricing agreements granted by member states comply with state aid rules is…
Tips For Taxpayers On National Get Out Of The Doghouse Day
Are tax troubles on your mind? It's National Get Out Of the Doghouse Day. Why not take advantage of the…
Tax Advisor Accused Of Helping U.S. Taxpayers Hide More Than $100 Million
An international tax advisor has been re-arrested and charged for his role in a conspiracy to engage in tax fraud…
IRS Uses Inflation Reduction Act Funding To Reopen Taxpayer Assistance Centers
The IRS announced today that it is reopening previously closed taxpayer assistance centers (TACs), adding additional TACs, and starting a…
The IRA’s Green Energy Subsidies May Cost More Than Expected. Is That Good Or Bad?
It appears that the green energy tax breaks included in last year’s Inflation Reduction Act (IRA) are more popular among…
Tax Court Leaning Harder On The Little Guys In Hobby Loss Cases
Two Tax Court decisions last month emphasize the wisdom of keeping separate accounts for your losing side gig. Donald Swanson…
IRS Gives Tax Relief To Vermont Flood Victims
Victims of flooding in Vermont now have until November 15, 2023 to file individual and business tax returns and to…
IRS Gives Tax Relief, Extensions To Vermont Flood Victims
Flooding victims anywhere in Vermont now have until Nov. 15, 2023, to file various individual and business tax returns and…
Hunter Biden & Wesley Snipes Both Have Misdemeanor Tax Convictions
Most high profile and widely reported tax charges involve felonies, but not all of them. And sometimes prosecutors go for…
Is Your Online Tax Preparation Firm Sharing Your Personal Information With Meta?
Millions of taxpayers’ personal information has been shared to Meta, Google, and other Big Tech firms according to the results…
Handwritten Will Found In Aretha Franklin’s Couch Ruled To Be Valid
When Aretha Franklin—the Queen of Soul—died in 2018, it was widely reported that the singer had no will. Don Wilson,…
How Fake News Affects The Tax World
Professors Kathleen DeLaney Thomas and Erin Scharff discuss fake tax news and the effect it has on public policy. This…
California’s Shocking New Income Redistribution Scheme Exposed
California is one of the most overtaxed states in the nation. But as this episode of What’s Ahead warns, residents…
States Gearing Up For 2023 Back-To-School Sales Tax Holidays
We’re a month or so into summer, and my inbox is already filling up with back-to-school offers. According to the…
Does Casino Gambling Beat Crypto Investing?
Las Vegas has 21,000 conferences a year. Yet, the 21,000-member-strong American Economic Association has never held its annual convention in…
A Contrarian Perspective On The Global Digital Services Tax Moratorium
There are two international events that I’ll be following this July. Both take place in France. The Tour de France…
Staffers Find $352 Million Mistake In Minnesota’s New Tax Law
Mistakes happen. But when they happen in tax legislation, it can result in millions of dollars of unexpected taxes. That’s…