• Is It Time To Convert Your IRA To A Roth?
    Sunday, December 3, 2023 from Forbes - Taxes
    If you have a big wad in a pretax IRA, sit down with your accountant now.
  • Tax Court Finds That Silent Settlement Agreement Means Big Tax Bill
    Friday, December 1, 2023 from Forbes - Taxes
    For the recipient, the payment may be taxable, not taxable, or partially taxable. Moreover, if the payment is taxable, it may be subject to ordinary income tax rates.
  • In SCOTUS Moore Case, Taxation Without Receipt Of Cash Is Fair Game
    Friday, December 1, 2023 from Forbes - Taxes
    This article offers a short, simple answer to a difficult question: Why is taxation without receipt fair?
  • Tax Preparer Sentenced For False Tax Claims, Including Improper Use Of Augusta Rule
    Friday, December 1, 2023 from Forbes - Taxes
    Jeffrey Harmon was sentenced to 24 months in prison for preparing and filing false individual income tax returns for himself and his clients.
  • Bill In Congress Aims To Stop Kombucha From Being Taxed Like Beer
    Friday, December 1, 2023 from Forbes - Taxes
    Sen. Finance Chairman Ron Wyden (D-Ore.) and U.S. Rep. Earl Blumenauer (D-Ore.), have reintroduced legislation to end federal alcohol taxes on kombucha companies.
  • Florida Man Sentenced To 27 Months In Prison For Tax Fraud Scheme
    Thursday, November 30, 2023 from Forbes - Taxes
    A Florida man was sentenced to 27 months in prison for promoting a scheme to file false documents with the IRS to fraudulently obtain large tax refunds.
  • Building Housing Lowers Prices But “Supply Skeptics” Don’t Believe It
    Thursday, November 30, 2023 from Forbes - Taxes
    Housing prices continue rising, but "supply skeptics" block development, wrongly believing that adding more supply won't lower prices.
  • Tax Court Again Holds That 90-Day Deadline Is Jurisdictional
    Wednesday, November 29, 2023 from Forbes - Taxes
    In a recent case, the Tax Court again considered whether the 90-day time period to file a deficiency petition in the Tax Court is jurisdictional in nature.
  • If You Act Before Year-End, IRS Respects Do-Overs Unwinding Taxes
    Wednesday, November 29, 2023 from Forbes - Taxes
    Going back to square one sounds simple, but the tax system is rigid. Even so, the IRS accepts unwound transactions if everything occurs in the same tax year.
  • Options To Improve Child Tax Credit For Low-Income Families: An Update
    Wednesday, November 29, 2023 from Forbes - Taxes
    At year-end, families are waiting to see if Congress will expand the Child Tax Credit (CTC). Several modest options can help low-income families.
  • California Rakes In $269.3 Million In Cannabis Taxes From Q3 Of 2023
    Tuesday, November 28, 2023 from Forbes - Taxes
    California tax officials are reporting recent cannabis tax revenue. Since January 2018, total cannabis tax revenue in the state to date is nearly $5.5 billion.
  • Cryptoassets And State Taxation
    Tuesday, November 28, 2023 from Forbes - Taxes
    Wally Hellerstein of the University of Georgia Law School discusses the emerging state guidance for taxing cryptoassets.
  • The (Foreign) Gift That Keeps On Giving – IRS Penalties
    Tuesday, November 28, 2023 from Forbes - Taxes
    The IRS has been busy in the international realm triggering several court decisions that should get the attention of all taxpayers with any level of global reach.
  • IRS Warns Taxpayers To Watch Out For Scams During The Holiday Season
    Tuesday, November 28, 2023 from Forbes - Taxes
    The IRS is warning taxpayers about email and text message scams involving refunds, as well as holiday-related schemes.
  • IRS Still Has Millions Of Returns To Process As Next Tax Season Approaches
    Monday, November 27, 2023 from Forbes - Taxes
    Some taxpayers are still waiting for returns to be processed. According to the IRS, they are “working hard to get through the inventory.”
  • Different Donations, Same Tactics: New IRS Challenges To Gifts Of Art
    Monday, November 27, 2023 from Forbes - Taxes
    A key issue with all charitable donations is value. The IRS might encounter several problems in the realm of art donations if it sticks with its standard procedures.
  • IRS Doesn’t Need The Blocked Income Tax Regulations In Coca-Cola
    Monday, November 27, 2023 from Forbes - Taxes
    Ryan Finley explains that Coca-Cola’s prospects for success in its blocked income dispute with the IRS are bleak even if the blocked income regulations are ultimately struck down on appeal.
  • Most Married Couples File Taxes Jointly With IRS, But Should You?
    Sunday, November 26, 2023 from Forbes - Taxes
    Approximately 95% of married couples file taxes jointly. That usually save money, but a joint return means that both spouses are on the hook for any mistakes.
  • The Legacy IRA: The New $50,000 QCD For IRAs
    Saturday, November 25, 2023 from Forbes - Taxes
    A new law increases tax-free ways to give from IRAs.
  • Year-End Tax Trouble—And How To Avoid It
    Saturday, November 25, 2023 from Forbes - Taxes
    Some mutual funds cause year-end tax pain with their capital gains. Here are the offenders—and preventive steps to take.
  • Powered by Feed Informer