Taxes
Latest Taxes News
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…
IRS Will Deny Billions Of Dollars Of ‘Clearly Improper’ Employee Retention Credit Claims
After a detailed review, the IRS says it plans to deny tens of thousands of improper high-risk Employee Retention Credit…
Mandatory Repatriation Tax Stands—But There’s More To Come
In the recently-issued opinion in Moore v. United States, the court ruled 7-2 that the Tax Cuts and Jobs Act…
IRS Can Audit 3 Or 6 Years Back Or Sometimes Forever, States Can Too
If you face a tax audit and can legitimately point to the statute of limitations to head off trouble and…
A Look At How Dower And Curtesy Rights Impact Modern Families
June is Pride Month, a time to celebrate love, diversity, and the progress toward equality for all. What better way…
Supreme Court Rules Tax On Previously Untaxed Foreign Profits Is Constitutional
A 2017 Tax Cuts and Jobs Act provision that requires companies to pay tax on previously untaxed foreign profits had…
