A First Look At The Revenue Provisions Of Biden’s 2024 Budget
President Biden’s 2024 budget would raise taxes by more than $4.5 trillion over the next decade. – Forbes – Taxes Read More
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Can Nikki Haley Save Us From Presidential Tax Crooks?
Joseph J. Thorndike considers whether Nikki Haley might be the person to revive the “mostly dead” bipartisan tradition of voluntary tax return disclosure by presidential candidates. – Forbes – Taxes Read More
Filing Your Tax Return: Join Our Live Event To Ask Me (Almost) Anything
More than 168 million individual tax returns are expected to be filed, with the vast majority coming before the April 18 tax deadline. – Forbes – Taxes Read More
No Tax Refunds: 3 Tips For Business Owners Who Owe The IRS At Tax Time
Most business owners will not receive a refund from the IRS. Apply these 3 tips to help minimize what you owe at tax time. – Forbes – Taxes Read More
Kent Hovind’s Third Wife Sues Over Financial Commitments
The contract indicated that it was for “spousal support” and did not recite the consideration that Cindi was providing. – Forbes – Taxes Read More
IRS Warns Of Employee Retention Credit Claim Fraud
The IRS has issued a new warning urging people to carefully review the Employee Retention Credit (ERC) guidelines before claiming the credit. Radio, TV and the internet are full of alluring claims of $26,000 per employee with no money down. But don’t claim the credit if you don’t qualify. -…
With More Than 25% Of Expected Tax Returns Filed, Refunds Still Unremarkable
IRS numbers continue to indicate that taxpayers are getting their returns in and processed more quickly than they did last year. – Forbes – Taxes Read More
Paving The Way For The Next Generation Of Tax Professionals
Tony Santiago of TaxSearch Inc. discusses how the tax profession is changing and offers advice on developing future tax leaders. – Forbes – Taxes Read More
Trump’s ‘Freedom Cities’ Ignore America’s Real Urban Needs
If he’s re-elected president, Donald Trump proposes building ten brand-new “freedom cities” on federal land. But that’s not how cities develop. America neglects its existing cities, and any new urban funding should go to help with their many needs. – Forbes – Taxes Read More
IRS Warns On W-2 Scams Making The Rounds On Social Media
The IRS has issued a warning to taxpayers of new scams that urge people to use wage information on a tax return to claim false credits in hopes of getting a big refund. – Forbes – Taxes Read More
In Kobe Bryant Crash Settlement, IRS Taxes And Fees Could Take 90%
How taxes play out may sound crazy. About 40% might go to her lawyers, but the IRS says the whole amount is taxable, even the amount paid directly to her lawyer. She can argue that her civil rights were violated so she can write off her legal fees on her…
Foreign Pension Funds Exempt From Tax On Real Property
Carrie Brandon Elliot reviews the section 897(l) regs that clarify the exemption from FIRPTA for foreign pension funds. – Forbes – Taxes Read More