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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The IRS Says It’s Getting Better—I Know I’m Swearing Less
I kept my swearing to a minimum this tax season. Honestly, that says more about IRS than it does about…
Modern-Day Pillory: Naming, Shaming, And Third-Party Access To Taxpayer Data
Does naming and shaming tax debtors and tax defaulters violate their human rights? Particularly their human right to privacy? From…
If You Have To Repay Compensation, Will IRS Refund The Taxes?
With all the failed companies and pay disputes, orders to repay compensation are more common than you might think. Sometimes,…
Tax Court Rules IRS Does Not Have Statutory Authority To Assess Penalties For Failure To File Form 5471
Every now and again, a case comes across your desk that makes you say, “Whoa.” Alon Farhy v. Commissioner is…
Ask Larry: Can We Still Collect Social Security If We Move Abroad?
Today's Social Security column addresses questions about whether people living outside the US can still collect their Social Security benefits,…
IRS Criminal Investigation Arm Continues To Chase Covid-Related Fraud
With the release of the IRS' strategic operating plan (you can read about it here), there has been a lot…
What Is The 2022 Tax Deadline For Most California Taxpayers?
When are your 2022 state and federal taxes due? If you live in California, you will likely qualify for an…
How To Easily File For A 2022 Tax Extension
Tax Day is just around the corner. The Tax Deadline to file your 2022 taxes is April 18, 2023. If…
Tax Tips For Last-Minute Filers
Still haven’t filed your taxes? There are certainly better ways to spend a weekend but if your weekend plans include…
IRS Has More Than $1.5 Billion In Unclaimed Tax Refunds And A Potentially Surprising Deadline
The IRS may have your money. The tax agency has announced that more than $1.5 billion in outstanding refunds remain…
Social Security’s Horrendous Financial Abuse
Social Security is routinely clawing back benefits it claims it paid by mistake over years if not decades. This policy…
Is Social Security Keeping Disabled Workers From Collecting Delayed Retirement Credits?
Social Security benefits automatically convert to standard retirement benefits at full retirement age (FRA) and this retirement benefit can then…
Progressive Mayors Will Confront Budget Pressures
Progressive mayors in Boston and Los Angeles have been joined by Chicago’s Brandon Johnson, all hoping not only to change…
Substantiate Your QREs To Get That Deduction Guarantee!
Commonly, a businesses’ main concern is filing its tax returns. Although this makes sense, it is not wise, business owners…
You Still Have Time To Fund An IRA For 2022—Here’s What You Need To Know
As Tax Day gets closer—April 18, 2023—many taxpayers are looking for ways to put a dent in their tax bills.…
Taxpayer Loses $3 Million Deduction Over Sale That Was “Practically Certain To Occur”
Timing is everything. That was the lesson learned in a recent Tax Court case that resulted in a lost charitable…
Bad Credit: A Look At Switzerland’s Bank Secrecy
Tax Notes contributing editor Robert Goulder discusses the history of bank secrecy, Credit Suisse’s role in it, and the bank’s…
Is Social Security a Financial Terrorist Organization?
From what we can tell, Social Security is sending clawback bills to tens of thousands of Americans for mistakes it…