Who Gives A CRAT About Certain Tax-Planning Strategies? The IRS.
The IRS, applying steady if not increasing pressure, added the CRATs strategy to its “Dirty Dozen” list for 2023. – Forbes – Taxes Read More
The IRS, applying steady if not increasing pressure, added the CRATs strategy to its “Dirty Dozen” list for 2023. – Forbes – Taxes Read More
A candy tax sounds like a fun—and delicious—way to teach your kids about tax. But it teaches the wrong lessons. For one? We don’t have a flat tax. – Forbes – Taxes Read More
Spurring economic growth in America’s declining cities and regions has been a hard-to-achieve goal of public policy. – Forbes – Taxes Read More
House Speaker Mike Johnson has proposed legislation that would send billions of dollars to Israel in exchange for equal cuts to the IRS budget. – Forbes – Taxes Read More
During the pandemic, the IRS had no choice but to begin to move towards new technologies—including accepting digital signatures. Now, they’re extending those provisions. – Forbes – Taxes Read More
Under this bill, Israel’s funding would receive a significant boost, aiming to strengthen the bond between the US and Israel. – Forbes – Taxes Read More
Updated for tax year 2023. Animals do more than warm our hearts — they’re road trip buddies, winter lap warmers, and sometimes, legitimate treatments for medical conditions. If you’re an American taxpayer wondering how having a service animal might impact your taxes, you’ve come to the right place. Let’s go…
Unemployment benefits can be a crucial support for those facing unexpected job loss. If you collected unemployment compensation for the first time in 2023, you might wonder how it could affect your taxes. Since unemployment income is taxable at the federal level, it’s essential to understand how the process works…
Recently disclosed internal IRS documents reveal its belief that it can get extensions to impose FBAR penalties at any time, even after the assessment period has passed. – Forbes – Taxes Read More
Joseph J. Thorndike predicts that the rise of intransigence in the GOP and an impending government shutdown will have negative effects on the IRS. – Forbes – Taxes Read More
If the return you filed was accurate to the best of your knowledge when you filed it, you are probably safe in not filing an amendment (but you still may want to). – Forbes – Taxes Read More
It is not clear whether Lee would be excused from penalties even if his accountant affirmatively misrepresented to him that his returns were filed on time – Forbes – Taxes Read More