Clarence Thomas’s Luxury Travel And The Gift Tax
Professors Bridget Crawford and Victoria Haneman discuss the estate and gift tax and how it could apply to the gifts received by Supreme Court Justice Clarence Thomas. – Forbes – Taxes
Professors Bridget Crawford and Victoria Haneman discuss the estate and gift tax and how it could apply to the gifts received by Supreme Court Justice Clarence Thomas. – Forbes – Taxes
To an accountant who thinks in double entry Brian’s theory doesn’t even make good nonsense. – Forbes – Taxes
As employers scrambled to keep workers employed, questions arose about how those solutions—including stipends and reimbursement plans—would affect employees. – Forbes – Taxes
When a debt you owe is canceled or discharged, the tax code treats the wiped-out debt as cash income to you that you must report. If you owe $500,000 to the bank, but the bank forgives it, it’s as if the bank just handed you $500,000 so the IRS wants a cut. Fortunately, there are exceptions. – Forbes – Taxes
Nana Ama Sarfo reviews the European Business Tax Forum’s latest Total Tax Contribution study, which argues that multinationals may need to play a larger role in driving carbon tax policy. – Forbes – Taxes
Education is expensive and costs are rising faster than inflation. The good news is that we can offset some of that cost by reducing our taxes. – Forbes – Taxes
“Free” online services are not genuinely free as the service provider receives non-monetary remuneration from the user in the form of personal or location data. – Forbes – Taxes
The Social Security Administration has announced the most popular U.S. baby names of 2022 based on applications for Social Security cards. Did your name make the list? – Forbes – Taxes
This proposal may not have any greater chance of success than when it was first proposed back in 2021. Even so, it is worth reviewing what you can do to lock in the more favorable gift and estate tax treatment today just in case. – Forbes – Taxes
More than two thirds of the GOP’s proposed spending cuts would likely be imposed on less than one sixth of the federal budget. – Forbes – Taxes
A Colorado homeowner discovered that her new house came with walls full of snakes. Mitigating that damage will be expensive—but is it also tax deductible? – Forbes – Taxes
Our nation is facing a significant shortfall in young people entering the workforce as accountants The difficulty of hiring new accountants is a serious problem for both CPA firms and the IRS. CPA firms need to think creatively for solutions – including looking overseas for professional talent. – Forbes – Taxes