As corporate finance professionals brace for a fresh set of twists and turns, 2023 is looking like it’s going to be just as disruptive as each of the previous three years. C-suites will have to navigate some sharp turns on the road ahead, and vigilance will be the silver bullet.…
Tax Notes reporters recap some of the weirdest stories they encountered in 2022, from the tax troubles of reality stars to a fight over a rather large tax bill for Christmas trees. – Forbes – Taxes Read More
Some cities may be attracting affluent, educated people working from home, but that’s not a novel strategy, or one that others can easily copy. – Forbes – Taxes Read More
My partner often remarks that I should find more interesting things to write about. – Forbes – Channel Feed Read More
Congress has passed legislation permitting later distributions from IRAs – Forbes – Taxes Read More
Tax Notes State recognizes Sharonne Bonardi, executive director of the Federation of Tax Administrators, as its person of the year. – Forbes – Taxes Read More
The Tax Court agreed that the IRS valuation of the easement at $470,000 was better than the $5.1 million deduction that the Brookses had claimed for an easement on a part of the property that they had acquired a year before donation for $1.35 million. – Forbes – Taxes Read…
The “Santa Shortage” has helped bring more men of color into portraying the holiday role. But women—almost half the workforce—are excluded from the role. – Forbes – Taxes Read More
The IRS announced on Dec. 23, 2022, that it would delay the $600 reporting threshold for Form 1099-K that was set to go into effect during the 2022 tax year. Instead, these requirements have been pushed back one year to allow taxpayers more time to prepare for the change. Form…
The Internal Revenue Service today announced a delay in reporting thresholds for third-party settlement organizations set to take effect for the upcoming tax filing season. – Forbes – Taxes Read More
The law, requiring payment platforms like PayPal to file Form 1099-Ks for anyone receiving over $600 (down form $20,000) threatened mass taxpayer confusion. – Forbes – Taxes Read More
The long awaited and much discussed Act finally passes. Did it deliver the goods as promised? – Forbes – Taxes Read More