Taxes
Latest Taxes News
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…
New IRS Criminal Investigation Chief Guy Ficco Outlines Vision And Hiring Plans
Earlier this year, IRS Criminal Investigation (CI) got a new chief: Guy Ficco. Ficco isn't a stranger to the organization.…
IRS Has 2 Years To Reclaim Erroneous Refunds, But When Does It Start
Occasionally, the IRS goofs and issues a refund check in error to a taxpayer. If the IRS discovers the error,…
Apple Delays Build Of Taxpayer-Subsidized North Carolina Campus
Apple Inc. appears to be delaying its plans to build a corporate campus in Research Triangle Park, which is sited…
