Few things herald the coming of spring in the United States like the blooming of the cherry blossom trees around the Tidal Basin in Washington, D.C. Here’s a look at how that happened. – Forbes – Taxes Read More
On this day we share the story of Robert “Bobby” Kotick, CEO of Activision Blizzard, and Seaview Trading LLC. – Forbes – Taxes Read More
In order to be considered a qualified withdrawal, 529 plans have requirements that need to be met. Can “education at sea” meet these requirements? – Forbes – Taxes Read More
Marie Sapirie considers the possible procedural and documentation requirements that may be in the coming guidance on the Inflation Reduction Act’s section 6417 direct pay elections. – Forbes – Taxes Read More
Some people believe Congress wants to repeal the tax-free status of Roth IRAs – Forbes – Taxes Read More
During the week, Eugene Hall uses his tech savvy to chase down tax cheats, identity thieves and other fiscal frauds. And on football Sundays, he assesses penalties—five and ten yards at a time. – Forbes – Taxes Read More
As part of its annual Dirty Dozen campaign, the IRS is urging everyone to be on alert for scammers operating fake charities, especially following major disasters. – Forbes – Taxes Read More
The IRS has given New York winter storm and snowstorm victims until May 15, 2023, to file various federal individual and business tax returns and make tax payments. The tax relief postpones various tax filing and payment deadlines that occurred starting on Dec. 23, 2022. – Forbes – Taxes Read…
Business owners and CPA firms need to be eyes open about the sales pitches they are hearing on TV, radio, internet about the Employee Retention Credit. These fly-by-night promoters are often playing very fast-and-loose and ultimately the business owner and CPA will be left holding the bag. – Forbes -…
It appears Section 174 R&E expenditures will be required to be capitalized for the 2022 taxable year. Unfortunately, the devil is in the details and may catch many taxpayers by surprise. – Forbes – Taxes Read More
If you look only at Biden’s proposed changes in direct taxes on households, including individual income taxes, payroll taxes, and estate taxes, the average tax increase falls by more than half, to about $1,100. – Forbes – Taxes Read More
A recent survey of 600+ tax pros conducted by ezCater revealed that 96% of tax professionals are skipping meals to focus on work. – Forbes – Taxes Read More