Taxes
Latest Taxes News
IRS Issues Guidance On Penalty Exceptions For Emergencies And Domestic Violence Victims
Typically, when you make an early withdrawal from your retirement plan, you are socked with a 10% additional tax (an…
Tax Return Preparer’s Mistakes Or Fraud: Innocent Taxpayer Takes Hit
My earlier article reviewed the various tax statutes of limitations prescribing the length of time the Internal Revenue Service has…
VAT And Platform Economy: Unanswered Questions And An Uncertain Future
On June 21, 2024, the Economic and Financial Affairs Council (ECOFIN) Council failed to reach an agreement on the VAT…
No Break In News This Summer As Tax World Stays Hot
This is a published version of our weekly Forbes Tax Breaks newsletter. You can sign-up to get Tax Breaks in…
How To Litigate ERC Refund Claims
Disclosure note: Chuck Rettig, former IRS commissioner and shareholder at Chamberlain Hrdlicka, provided insight and collaborated on this article. In…
IRS Breaks ERC Logjam. What Does This Mean For The Average Joe?
The Internal Revenue Service (IRS) announced a breakthrough today in the logjam of Employee Retention Credits (ERC) that has plagued…
IRS Likely To Increase Scrutiny On The Puerto Rico Act 22 Tax Break
Puerto Rico's legislature passed Act 22 in 2012, according to critics in Congress, “to attract wealthy foreigners and mainlanders to…
Congress Wins A Tax Battle, But May Lose The War
This week, the US Supreme Court denied a $15,000 refund to stockholders Charles and Kathleen Moore for taxes they paid…
The Tax World Responds To The Supreme Court Decision In Moore
The ink was barely dry on the Supreme Court decision in Moore before taxpayers, tax policy groups, and tax professionals…
Taxing Big Tech And The Universal Service Fund
In recent comments to the Federal Communications Commission, USTelecom, which is a trade organization representing many major American telecommunication companies…
