In the first of a three-episode series, Steven Wlodychak, formerly with EY, discusses the creation of the SALT cap deduction by the Tax Cuts and Jobs Act and how states addressed it and other changes. – Forbes – Taxes Read More
Robert Goulder considers the recent CJEU state aid decision in Fiat, and the implication for the European Commission’s appeal in Apple. – Forbes – Taxes Read More
The lame duck Congress will spend the next several weeks arguing over several key provisions of the 2017 Tax Cuts and Jobs Act (TCJA) and the 2021 American Rescue Plan. A Tax Policy Center analysis finds extending them would reduce federal revenues by $1.1 trillion from 2023 to 2032. -…
Last couple of decades the hobby loss rule has been about, you know, hobbies which I define mostly as things that seem like they must be fun when you are thirteen or so – boats, planes, horses – even being a writer if you are nerdy. – Forbes – Taxes…
Market research company Statista surveyed thousands of accounting and tax professionals and their clients to come up with this list of the best firms. – Forbes – Taxes Read More
“Pay me next year” requests are common with employers, suppliers, vendors, customers, and more. You probably assume you can’t be taxed until you receive money. But technically, if you have a legal right to payment but decide not to receive it, the IRS can tax you nonetheless. – Forbes -…
Today’s Social Security column addresses questions about the whether working before filing can incur the earnings test, full retirement age for survivor’s benefits versus retirement benefits and more about widow’s benefits. – Forbes – Taxes Read More
High quality dividend stocks can provide reliable income. – Forbes – Taxes Read More
A key subtext to the debate over whether to restore the expanded 2021 version of the Child Tax Credit (CTC) is this: Does the credit help reduce child poverty by giving low-income families much needed money, or does it increase poverty by discouraging work? – Forbes – Taxes Read More…
Tax Notes contributing editors Robert Goulder and Joseph J. Thorndike consider the historical context of why the IRS Criminal Investigation division carries guns. – Forbes – Taxes Read More
Marie Sapirie breaks down the IRS and Treasury guidance on how indirect book accounting factors should be considered when calculating the Inflation Reduction Act’s section 45V credit. – Forbes – Taxes Read More
Experts say working from home presents real challenges to management. Some CEOs like Elon Musk and Jamie Dimon of Chase Bank want to cut it back, or stop it entirely. – Forbes – Taxes Read More