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 History: The Nixon Shock: Tax Cuts And A Public Campaign Financing Checkoff
On August 15, 1971, President Nixon unveiled a package of economic policies to jump-start a sluggish economy. His message featured…
Revenue Ruling 2023-2 Got It Wrong? The Case For A Stepped-Up Basis When The Grantor Dies
A short grantor trust walks into a bar. After a few too many drinks he starts flirting with a pretty…
Sunshine State Becomes The Firearm State: Florida’s New Permitless Concealed Carry Law
The United States has a long and complex history with guns dating all the way back to colonial times. There…
Biden’s War On Billionaires
Thought you wanted to be a millionaire? The “Billionaire Tax” might cause you to reconsider. All American earners are subject…
15 Fun Facts About Beer And Taxes On National Beer Day
April 7 marks the day that beer was allowed to be legally manufactured and sold following a long, dry Prohibition.…
NIL Madness: Should College Sports Revenue Be Tax Exempt?
Robert Goulder of Tax Notes and professor Mitchell Franklin of the Le Moyne College Madden School of Business discuss college…
Trump Indictment – 34 Counts Of Falsifying – What Is The Other Crime?
So I spent a couple of hours, that I will never get back, watching coverage of the arraignment of our…
Ask Larry: How Will Lower Income Affect My Social Security Benefit Amount?
Today's Social Security column addresses questions about how earning less money before filing can affect benefit rates, how survivor benefits…
How Frequently Should Direct Payments Of Clean Energy Tax Credits Be Made?
Proposed regulations for the electric vehicle tax credit, long overdue, are finally out (REG-120080-22). That checks one of the many…
IRS Finalizes Dirty Dozen Tax Scams Of 2023
Over the past couple of weeks, the IRS has been rolling out its list of tax scams for 2023. Now…
Bernie Sanders And Elizabeth Warren Win A Battle In The War On The Taxation Of Grantor Trusts
We will be holding a free 30-minute webinar on the use of grantor trusts on Monday, April 10, 2023 at…
IRS Will Open Offices On Some Saturdays To Provide Free Tax Help
The IRS has announced it will open several Taxpayer Assistance Centers (TACs) around the country this Saturday, April 8, for…
ChatGPT Takes On Tax
Tax Notes legal reporter Caitlin Mullaney discusses ChatGPT’s understanding of tax. This transcript has been edited for length and clarity.…
Government Watchdog Finds When It Comes To Answering Phones And Assisting Taxpayers, IRS Still Has Work To Do
The Treasury Inspector General for Tax Administration—or TIGTA—has released its audit of the IRS's 2022 Filing Season. The purpose of…
Third Circuit Upholds Tax Court In Large Dollar Horse Hobby Loss Opinion
Judge Thomas Hardiman of the Third Circuit wrote approvingly of Tax Court Judge Albert "Scholar Al" Lauber's opinion in the…
IRS Dirty Dozen Campaign Warns Taxpayers To Avoid Offer In Compromise “Mills”
Owing taxes can be stressful. Unfortunately, the actions of some companies can make it worse. As part of its "Dirty…
Eaton And The Trend Of Increasingly Unreasonable Reliance Claims In Tax Disputes
Fresh off its success in thwarting an IRS attempt to cancel two advance pricing agreements, the emboldened Eaton Corp. has…
Gwyneth Paltrow’s $1 Ski Trial Win Has Strange Tax Twist
Gwyneth Paltrow’s ski accident trial was not as alluring as the Johnny Depp And Amber Heard case, but it still…