Taxes

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Latest Taxes News

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…

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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…

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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.…

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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,…

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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…

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Questioning The IRS’s Increased Focus On Tax Fraud

Robert Goulder of Tax Notes and William Stone III of Morris, Manning & Martin LLP discuss the IRS’s focus on…

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No Tax On Tips Act—Implications And Reservations

Senator Ted Cruz, R-T.X. introduced the “No Tax on Tips Act” in the Senate, a bill co-sponsored by Senators Daines…

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IRS Apologizes To Ken Griffin And Other Billionaires For Tax Leak

Kenneth C. Griffin, the billionaire plaintiff seeking damages in the Littlejohn leaker suit, has reached an agreement with the IRS…

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IRS Between A Green Rock And a Hard Place In Tax Shelter Penalty Case

“No one is above the law” - an idea that has been in the news quite a bit of late.…

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How Biden And Trump’s Tax And Estate Planning Proposals Differ

While the first presidential debate will likely touch upon a variety of critical topics, tax and estate planning might not…

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