Carrie Brandon Elliot reviews the comments questioning the tax book value method for characterizing remittance income in reg. section 1.861-20. – ​Forbes – Taxes ​Read More  

While your state’s 529 Day promotion may be tempting, there could be better options for you and your family. As always, it’s best to understand the pros and cons of each. – ​Forbes – Taxes ​Read More  

After a few days of speculation about the debt ceiling agreement between President Joe Biden and House Speaker Kevin McCarthy, we finally have the details. – ​Forbes – Taxes ​Read More  

The bill will rescind $21 billion in IRS funding. Some Republicans want deeper cuts, especially to funding those 87,000 new IRS agents. – ​Forbes – Taxes ​Read More  

With the significance of honoring the fallen, it is important to remember how we can help these “Gold Star Families”, a term coined during World War I. . – ​Forbes – Taxes ​Read More  

If you own a small business, you must follow record-keeping rules and if for no reason at all it is to save on attorney fees during an audit. – ​Forbes – Taxes ​Read More  

Effective January 1, 2023 if you are age 70-1/2 or older, you can distribute up to $50,000 from your traditional IRA directly into a charitable remainder trust or gift… – ​Forbes – Taxes ​Read More  

Powered by advances in artificial intelligence and natural language processing, it is poised to revolutionize how charities assist donors in making effective giving de… – ​Forbes – Taxes ​Read More  

Though no major tax legislation has recently been passed, federal income tax payments are skyrocketing. – ​Forbes – Taxes ​Read More  

Tax Notes contributing editors Robert Goulder and Joseph J. Thorndike examine the looming debt ceiling crisis and its likely effect on the IRS’s budget, all in five minutes. – ​Forbes – Taxes ​Read More  

Tax Notes reporter Andrea Muse provides an update on the state and federal lawsuits challenging Maryland’s digital advertising tax. – ​Forbes – Taxes ​Read More