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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Ask Larry: Should My Husband Have Filed In January Or Earlier To Receive The COLA?
Today's Social Security column addresses questions about whether filing dates can affect the application of COLAs to benefits, how public…
Ask Larry: Will My Wife’s Social Security Spousal Benefit Be 50% Of Mine At 65?
Today's Social Security column addresses questions about how spousal benefit rates are calculated, how continuing to work can affect benefit…
How Long Should You Keep Old Tax Returns?
As we enter tax season 2023, you may wonder how long you should keep your old tax returns and other…
Busy Professionals Should Prioritize Their Well-Being, Including Finding Time To Eat During Tax Season
What's on your desk right now? If you're a tax professional, chances you have a monitor or two (or three)…
Biden’s Budget Would Raise Taxes On High-Income Households, Cut Them For Many Others
The revenue provisions of President Joe Biden’s fiscal year 2024 budget would lower after-tax incomes by an average of about…
Five Surprises About The U.S. Tax Research & Experimental Capitalization Requirement
Many were hopeful for U.S. tax legislation ensuring businesses could continue to fully deduct their research and experimental (“R&E”) expenditures…
Employee Retention Credit — Eyes Open
The IRS recently announced that scams from promoters pitching the Employee Retention Credit (ERC) to unwary business owners is the…
IRS Gives New York Storm Victims Extension To May 15, Tax Relief
The IRS has given New York winter storm and snowstorm victims until May 15, 2023, to file various federal individual…
IRS Urges Those Hoping To Help To Beware Of Scammers Using Fake Charities
This morning, I woke up to the news that devastating tornadoes swept through Mississippi, killing at least 23 people and…
Meet The IRS Special Agent Earning His Stripes As An NFL Referee
During the week, Eugene Hall uses his tech savvy to chase down tax cheats, identity thieves and other fiscal frauds.…
Tax Considerations For The Coming Direct Pay Procedures
While Treasury and the IRS are still mulling over what procedures should apply to the direct pay election in section…
Activision Blizzard CEO Bobby Kotick’s Taxable Income For 2001 Gets A $35 Million Boost
A day may come when the fallout from the tax shelter scandal at the turn of millennium is no more.…
Biden’s Child Tax Proposal Would Help Many But Presents Administrative Challenges
President Biden’s fiscal year 2024 budget would revive 2021’s enhanced child tax credit (CTC) with some new twists that seek…
Hush Money And Taxes, Five Things To Know
Hush money sounds dirty or illegal, but many businesses pay it on occasion. There are important tax rules at play,…
3 Ways To Help Close The Gender Wage Gap
Today marks the final day of March and the conclusion of Women’s History Month. This month is a time to…
A Look At How Cherry Blossom Trees Became A Symbol Of Spring—And Friendship—In The Capital
Few things herald the coming of spring in the United States like the blooming of the cherry blossom trees around…
Supreme Court Will Decide How Aggressive The IRS Can Be When Hunting For A Delinquent Taxpayer’s Assets
As taxpayers and politicians argue about the impact of additional IRS funding, the Supreme Court is taking a look at…
Tax Attorney Recalls FBAR Case Journey From IRS Dispute To Supreme Court Decision
When you're in law school, you often dream about having a case that makes it to the Supreme Court. Rachael…