Taxes

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Latest Taxes News

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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Election Showdown: U.K. Parties Outline Tax Plans

Tax Notes reporter Sarah Paez discusses the proposed tax plans from the United Kingdom’s political parties before their upcoming July…

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Pennsylvania Property Tax And Rent Rebate Coming In July

Governor Josh Shapiro has announced that Pennsylvania will begin distributing $266 million in property tax and rent rebates, beginning July…

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Learn The Hidden Hazards In Donor-Advised Funds Before Donating

Donor-advised funds (DAFs) surged in popularity in recent years and now are among the most popular ways to make charitable…

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Taxes And Elections: Here, There, And Everywhere

Wherever you are reading this, there’s a 50% chance you’re living through an election year. Globally speaking, there’s so much…

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A Very Destructive Stealth Tax Is Coming

We’re all familiar with the story of the Trojan Horse. Washington politicians and bureaucrats routinely practice their own legislative and…

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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…

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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…

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