Taxes
Latest Taxes News
IRS Collects $1 Billion In Back Taxes From Millionaires
In a press release, the IRS announced the collection of $1 billion in past-due taxes from millionaires since 2023. That…
As More People Leave California Over Taxes, They May Face Tax Audits
According to the Wall Street Journal, the blue-state wealth exodus continues. The IRS has confirmed its annual data on the…
Many States Offer Sales Tax Holidays As Parents Eye Back-To-School Costs
With temps pushing—or exceeding—100 degrees in many parts of the country, it feels odd to be talking about back-t0-school. But…
Moore V. United States: Explaining The Supreme Court’s Decision
Tax Notes contributing editor Robert Goulder breaks down the Supreme Court’s ruling in Moore v. United States and what it…
How To Distinguish FBAR Willfulness From Non-Willfulness With Examples
U.S. citizens and residents with financial interests in foreign accounts that exceed $10,000 at any time in a year must…
New FAQs And Legal Updates Impact Embattled New Company Reporting Law
As of January 1, 2024, many companies were required to report information to the U.S. government about who ultimately owns…
Is Carbon Pricing The Best Way To Mitigate Climate Change?
Tax Notes chief correspondent Amanda Athanasiou discusses the effectiveness of carbon pricing as a climate change mitigation strategy and possible…
UK VAT Pitfalls: Prevention Is Better Than Cure
As with most things in life, prevention is better than cure. This is particularly so when it comes to effective…
Your Guide To Tax Policy In Project 2025
The title page reads, “Mandate for Leadership, the Conservative Promise — Project 2025, Presidential Transition Project.” What follows is 920…
California Raises Taxes Again By Restricting Net Operating Loss Use
Taxes are annual, but if you are in business, you can generally rely on using a loss in one year…
