States are beginning to take to heart Justice Brandeis’ concept of being a laboratory of economic experiments. One area States are beginning to test the waters is with various wealth tax proposals. – Forbes – Taxes Read More
The IRS has announced that businesses can now file Forms 1099 using a new online portal called the Information Returns Intake System, or IRIS. – Forbes – Taxes Read More
Laid off tech workers will likely find new jobs, but layoffs signal new stress and tension in the sector and among workers. – Forbes – Taxes Read More
Nana Ama Sarfo reviews the OECD’s updated economic impact assessment for pillars 1 and 2 and argues that the updates may be most useful as a framework for additional assessments from the international tax community. – Forbes – Taxes Read More
Social Security and Medicare provisions of the Act will automatically adjust the 23% rate so that it will yield what the payroll taxes would have brought in. In the legislation the general revenue rate is fixed at 14.91% but the Social Security and Medicare rates vary from year to year…
Every day, Social Security sends claw-back bills, many massive, to beneficiaries whom it mistakenly overpaid for years/decades. Social Security’s mistake is your mistake. Don’t take a penny before checking what they are going to send you is correct. – Forbes – Taxes Read More
Today’s Social Security column addresses questions about when to switch from survivor’s benefits to retirement benefits, survivor’s benefits amounts after taking spousal benefits and whether claims of taking full retirement benefits at 55 are credible. – Forbes – Taxes Read More
Updated for tax year 2022 If you frequently drive your car for business purposes, you know how car expenses can quickly add up. And it’s not just the cost of gas, which fortunately has gone down from its high a few years ago. Every time you drive your car, you…
The news is filled with stories about conflicts between taxpayers and tax collectors. We often struggle to properly describe those who aggressively work to minimize their taxes. There is tax avoidance, tax evasion, tax fraud, tax cheats and tax dodgers. But what do all these phrases really mean? – Forbes…
Tax Notes contributing editor Robert Goulder comments on congressional consideration of a national sales tax. – Forbes – Taxes Read More
Rules around Required Minimum Distributions are changing in 2023. How you can use tax planning to pay fewer taxes on your retirement income. – Forbes – Taxes Read More
Whoops! One of the most advertised benefits of SECURE 2.0 may have been accidentally eliminated because someone removed a subparagraph in the thousand-page law. – Forbes – Taxes Read More