California taxpayers are receiving CP14 balance due notices on taxes that are not due until October 16, 2023. – ​Forbes – Taxes ​Read More  

Message to GOP presidential candidates: A 30% national sales tax is not the cure for our horrific tax code and an abusive IRS. – ​Forbes – Taxes ​Read More  

A group of U.S. Representatives have introduced the American Family Act, which make the previously expanded and improved monthly child tax credit permanent. – ​Forbes – Taxes ​Read More  

The change, which is reflected in section 55 of the Tax Code, imposes a 15% minimum tax on the adjusted financial statement income of large corporations. – ​Forbes – Taxes ​Read More  

We’ve lost a great economist and a champion for Black equality, and for all working people. – ​Forbes – Taxes ​Read More  

Tax Notes contributing editor Robert Goulder comments on recent calls for a bipartisan commission on the federal government’s long-term budgetary issues. – ​Forbes – Channel Feed ​Read More  

Not only will lawmakers have to refight the debt limit battle, but they’ll have to do so with the fate of trillions of dollars of tax increases at stake. – ​Forbes – Taxes ​Read More  

Tax Analysts’ chief economist Martin Sullivan provides an overview of the state of the economy and how the recent debt limit bill could affect it. – ​Forbes – Channel Feed ​Read More  

I prompted Bing’s ChatGPT to write blog posts on “trader tax benefits” and “trader tax status.” See my comments in yellow highlight. I also used Grammarly. – ​Forbes – Taxes ​Read More  

Nana Ama Sarfo discusses how a recent IMF paper on anti-money-laundering measures and tax crimes is important for tax compliance and domestic revenue mobilization. – ​Forbes – Taxes ​Read More  

Former LNG exec Meg Gentle says it’s serious and some smart money, including from Porsche and Baker Hughes, agrees with her. – ​Forbes – Taxes ​Read More  

Irresistible impulse to use the Tax Code as the Swiss Army Knife of social policy while refusing to be serious about funding IRS enforcement. – ​Forbes – Taxes ​Read More  

President Biden says the Constitution’s 14th Amendment might avoid future debt crises. Why does this anti-slavery Amendment from 1868 have a potential debt limit role? – ​Forbes – Taxes ​Read More  

Former IRS Commissioner David Kautter, now with RSM, discusses the recently released report on the feasibility of an IRS-run direct file program. – ​Forbes – Taxes ​Read More  

It would reduce that spending authority in fiscal year 2024 then increase it by 1% annually from 2025-2029. – ​Forbes – Taxes ​Read More  

I have a similar scenario I’ve been dealing with for about 2 years. – ​Forbes – Taxes ​Read More  

Federal law requires U.S. citizens to file tax returns and to report worldwide income, and to declare foreign bank accounts and other assets. Penalties are steep. – ​Forbes – Taxes ​Read More  

The bill would reduce the deficit about $1.5 trillion over the next decade. – ​Forbes – Taxes ​Read More  

If you are an American taxpayer who lives and works out of the U.S., you have about two more weeks to file your 2022 federal income tax return. – ​Forbes – Taxes ​Read More  

A German lawyer widely regarded as the mastermind of a massive tax fraud scheme has been sentenced to an additional eight years and three months in jail. – ​Forbes – Taxes ​Read More