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 Opinions Prevent IRS Penalties, And Seven Other Things To Know
Do tax opinions protect you from the IRS? Usually yes, provided that you get one early enough. That generally means…
A Look At Tax Proposals On State And Local Ballots This Election Season
All across America, voters will be headed to the polls on Tuesday, Nov. 7, 2023. It's an off-year for elections—the…
Here’s More Evidence That Low Tax Rates Are Good For Business And The Prosperity Of Everyone
This episode of What’s Ahead discusses the newly released State Business Tax Climate Index from the renowned, nonpartisan Tax Foundation.…
Tax Court Exposes Financial Engineering Of Conservation Easements
Judge David Gustafson injected a good dose of common sense into the ongoing struggle between the IRS and the syndicators…
IRS Announces Retirement Contribution Limits Will Increase In 2024
The IRS says that the amount you can sock away for retirement is going up. In 2024, individuals can contribute…
IRS Opens Portal For Car Dealers To Dole Out EV Tax Credits At Point-Of-Sale
The Internal Revenue Service on Wednesday opened the portal for car sellers to register with Energy Credits Online – a…
IRA Energy Credits, Part 2: Proposed Regs And What’s Next
In the second of a two-episode series, Tim Jacobs of Hunton Andrews Kurth continues his discussion of the energy credits…
Conservation Easements – New Regulations, New Law, New Questions
Many people are baffled about the status of conservation easement donations, which is logical given all that has happened recently.…
Who Gives A CRAT About Certain Tax-Planning Strategies? The IRS.
There is nothing inherently wrong with forming and utilizing a charitable remainder annuity trust (“CRAT”) for tax-planning purposes; people do…
Here’s Why I Don’t Collect A Candy Tax From My Kids At Halloween
If you're a regular reader, you know that I love Halloween. I bake treats. I play Halloween music. I buy…
Will Industrial Policy Help Economically Distressed Places?
Spurring economic growth in America’s declining cities and regions has been a hard-to-achieve goal of public policy. There’s now hope…
New House Speaker Mike Johnson Ties Funding For Israel To IRS Budget Cuts
It didn't take long for the newly minted House Speaker to make headlines. In his first major proposal as House…
Boosting Israel Funding And Cutting IRS Spending: GOP Bill’s Impact Explained
The House GOP has made a bold move in their latest bill announcement, proposing an increase in funding to Israel…
IRS Extends Use Of Some Pandemic-Era Technology Provisions
Sometimes, good things can come from adversity. During the pandemic, the IRS had no choice but to begin to move…
The IRS Claims It Can Reopen Closed Assessment Periods
They say that relationships are all about timing. Putting aside the accuracy of that cliché generally, timing is certainly a…
Amending Taxes Isn’t A True Do Over—Unless You Use This Rule
When should you amend your tax return and when is it required? You need to file a tax return with…
House Republicans Are Ready To Break Things — Including The IRS
The Republican struggle to choose a speaker for the House has looked a lot like an ideological battle, pitting archconservatives…
Are You Really Sure Your Electronic Form 1040 Was Filed?
Considering how soon Halloween comes after October 15 (October 16 in 2023), the extended due date for individual returns, having…