The United States Department of Justice has filed a complaint seeking to bar nine Florida tax return preparers and their associated business from assisting in preparing federal income tax returns for others. – ​Forbes – Taxes ​Read More  

The line between having a hobby and running a business can be confusing, but knowing the difference is important and can save you money. Hobbies and businesses are treated differently when it’s time to file a tax return. And the IRS watches this line carefully, with frequent audits. – ​Forbes…

If you bought TurboTax online filing products between 2016 and 2018, check your email—you might be entitled to a settlement payment. – ​Forbes – Taxes ​Read More  

Marie Sapirie examines the numerous pieces of tax legislation under consideration in Congress, arguing that although most of them probably won’t pass this year, they are worth paying attention to because similar proposals are likely to come up again. – ​Forbes – Taxes ​Read More  

Today’s Social Security column addresses questions about how continued work might be able to increase retirement benefit rates, how survivor’s benefits are calculated and how a non US citizen might be eligible for US Social Security benefits. – ​Forbes – Taxes ​Read More  

PacWest and other regional banks with large commercial real estate holdings (CRE) are under increasing pressure, as working from home reduces values of CRE. – ​Forbes – Taxes ​Read More  

Taxpayers Roy A. Nutt and Bonnie W. Nutt electronically filed a petition in Tax Court to contest a Notice of Deficiency from the IRS. But a time zone snafu resulted in a dismissal. – ​Forbes – Taxes ​Read More  

The White House has announced plans to ask crypto miners to pay a premium for energy consumption. – ​Forbes – Taxes ​Read More  

House Republicans have, at least temporarily, redefined what they mean by a tax increase. – ​Forbes – Taxes ​Read More  

Joseph J. Thorndike considers whether the IRS’s funding boost could be on the chopping block during President Biden’s debt ceiling discussion with House Republicans. – ​Forbes – Taxes ​Read More  

Republicans will either need to abandon their attempt to extract meaningful policy concessions in exchange for a debt limit increase or offer President Biden a short-term increase that creates room for a realistic negotiation process. – ​Forbes – Taxes ​Read More  

Operation SpecTor, a coordinated international effort, represents the most funds seized and the highest number of arrests in any coordinated international action led by the Justice Department against drug traffickers on the dark web. – ​Forbes – Taxes ​Read More