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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Structured Installment Sale Can Be A Great Solution To Liquidity Event Tax
When that ship of yours that is coming in is visible on the horizon - a business that you have…
To Leave California Over Taxes, Avoid These 10 Costly Mistakes
If you live in California, leaving the Golden State and skipping California’s 13.3% rate can be alluring. It’s especially true…
Let’s Make A Deal: Examining The Chile-U.S. Tax Treaty
Tax Notes reporters Cady Stanton and Michael Smith discuss the recently passed Chile-U.S. tax treaty and the importance of tax…
Powering Sustainable Transport: VAT Challenges In The E-Mobility Industry
The adoption of electric vehicles is on the rise among businesses and consumers, driven by the goal of reducing carbon…
Be Like America, Except For This Bad Tax Policy
Celebrating America’s birthday in the company of foreigners can be great fun. I recently spent the Fourth of July with…
Defamation Plaintiffs Regularly Caught By Double Taxation
Defamation verdicts and settlements regularly make the news. But we rarely learn what plaintiffs keep from their victories. After fees…
Committee Urges Congress And IRS To Improve Taxpayer Experience And Upgrade Technology
The IRS Electronic Tax Administration Advisory Committee (ETAAC) has released its 2023 Annual Report to Congress. The report looks at…
IRS Targets Schemes To Claim ERC Employee Retention Credits
IRS audits of businesses claiming the Employee Retention Credit (ERC) are in full swing. The IRS is looking at companies…
Transfer And Elective Payment Tax Rules
Treasury and the IRS promised to release guidance on direct pay and transferability “before summer,” and with proposed regs (REG-101610-23)…
Taxes, Tea And Why We Celebrate American Independence Day On July 4
My son came downstairs this morning to wish me very happy on George Washington's birthday. He knows, of course, that's…
IRS Issues Warning On New Tax Refund Scam
The IRS is warning taxpayers about a new scam involving tax refunds. Here's how the scam works. Fraudsters are mailing…
A Fan Is Leaving His Estate To Neymar—Here’s Why It’s Not A Bad Idea
A fan of Neymar Jr. made headlines last week when he declared that he was leaving his estate to the…
8th Circuit Includes Insurance Proceeds For Redemption In Estate Tax Valuation Of Closely Held Company
A recent case demonstrates the impact that a stock-purchase agreement and life insurance can have (or not have) on the…
Change Is In The Air For Countries’ Transfer Pricing Tax Laws
Some countries are considering making changes to their international tax laws on transfer pricing, and it may be wise for…
IRS Gives Extra Time To Californians & Others In Disaster Areas
If you live in California or certain other disaster areas, watch your mail. The IRS is sending a special follow-up…
When Unions Saved New York City From Bankruptcy
The death of New York’s Richard Ravitch, a legendary civic and economic expert and problem solver, prompted the New York…
Yes, The IRS Can Sue To Collect On A Debt.
It is important for all taxpayers to be at least aware of the power of the IRS, in an effort…
Man Sentenced To 82 Months In Prison For Scheme That Defrauded Elderly Victims
A Nigerian national who targeted elderly U.S. victims has been sentenced to nearly seven years in prison for his role…