The plan, now exceeding $100 billion, will package an assortment of initiatives to satisfy the demands of both parties by, as usual, running up the deficit. – ​Forbes – Taxes ​Read More  

They show up in celebrity divorces (think Kevin Costner), big bankruptcies (think FTX) and financial fraud cases. But you don’t have to be famous to benefit from the help of a deep diving accounting pro. – ​Forbes – Taxes ​Read More  

Nana Ama Sarfo discusses global implementation of the OECD’s automatic exchange of information framework. – ​Forbes – Taxes ​Read More  

An email advising businesses to register to file Forms W-2 with Social Security by the deadline is legit. Here’s why you might have received one. – ​Forbes – Taxes ​Read More  

If you have a big wad in a pretax IRA, sit down with your accountant now. – ​Forbes – Taxes ​Read More  

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. – ​Forbes – Taxes ​Read More  

This article offers a short, simple answer to a difficult question: Why is taxation without receipt fair? – ​Forbes – Taxes ​Read More  

Jeffrey Harmon was sentenced to 24 months in prison for preparing and filing false individual income tax returns for himself and his clients. – ​Forbes – Taxes ​Read More  

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. – ​Forbes – Taxes ​Read More  

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. – ​Forbes – Taxes ​Read More  

Housing prices continue rising, but “supply skeptics” block development, wrongly believing that adding more supply won’t lower prices. – ​Forbes – Taxes ​Read More  

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. – ​Forbes – Taxes ​Read More  

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. – ​Forbes – Taxes ​Read More  

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. – ​Forbes – Taxes ​Read More  

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. – ​Forbes – Taxes ​Read More  

Wally Hellerstein of the University of Georgia Law School discusses the emerging state guidance for taxing cryptoassets. – ​Forbes – Taxes ​Read More  

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. – ​Forbes – Taxes ​Read More  

The IRS is warning taxpayers about email and text message scams involving refunds, as well as holiday-related schemes. – ​Forbes – Taxes ​Read More