Taxes
Latest Taxes News
Proposed Rule Would Allow IRS To Accept Tax Payments By Credit Or Debit Cards
If you've ever tried to make payment to the IRS using credit cards or debit cards, you know that it…
Take Trump Seriously When He Says Tariffs Will Pay For Tax Reform
President Biden and former President Trump differ on many things. But when it comes to international trade, they have more…
Supreme Court To Hear Case About Whether A Bankruptcy Trustee May Avoid A Debtor’s Tax Payment
Although the Supreme Court’s term is nearly finished—and this term has been exciting for the tax world, with cases like…
How IRS Taxes Legal Settlements And Legal Fees Surprises Plaintiffs
The tax treatment of litigation damages is varied and complex. Even worse, in some cases, legal fees can't be deducted.…
Illinois Gas Tax Increase—47 Cents Per Gallon After July 1
Beginning July 1, Illinois residents will see a small increase in gas prices as the state implements a new motor…
California Taxes Stock Options & Restricted Stock—Even After You Move
If you get options or other equity-based compensation from your employer, knowing the basic rules about how taxes work on…
There’s No Debate—Taxes Were Hot This Week
This is a published version of our weekly Forbes Tax Breaks newsletter. You can sign-up to get Tax Breaks in…
Tax Cuts And Jobs Act At Center Of Presidential Debate—Boon Or Bust?
Tax featured prominently at several points during the debate between President Biden and Former President Donald Trump on June 27th.…
IRS Reminds Taxpayers That Cannabis Has Not Yet Been Reclassified
Weeks after the U.S. Drug Enforcement Administration (DEA) announced that it would move to reclassify cannabis as a less dangerous…
Skirting Sales Tax Might Seem Harmless, But Can Become Criminal
Most tax cases are civil, but some tax cases can turn criminal and involve harsh sentencing. You must sign tax…
