Taxes

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Latest Taxes News

5 Steps For Anyone To Become A Health Savings Account Millionaire

I believe anyone can become a 401(k) millionaire, but becoming a health savings account millionaire is a bit more complicated.…

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Taxpayer Rights In The Digital Age

Nina Olson of the Center for Taxpayer Rights and the Tax Analysts board of directors discusses the challenges in preserving…

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In Pending Litigation, IRS Reveals Strategy For Managing ERC Backlog

Almost from its inception, the IRS and employers have experienced headaches from the employee retention credit (ERC). Much of the…

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IRS Introduces New Career Website As Hiring Spree Continues

Are you looking for a job? The IRS has recently updated its IRS Careers website in an effort to attract…

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Should You Handle Your Own IRS Tax Audit Or Hire A CPA Or Lawyer?

Should you handle your own tax audit or dispute? Usually the answer is no, for a variety of reasons. For…

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Untipped: Why Trump’s Tax Cut Promise Would Hurt Many Service Workers

Former President Trump’s proposal to exempt all tips from federal tax would benefit few tipped workers and hurt many. Tax-free…

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OECD African Tax Transparency Sees Explosive Progress

There’s a tax case brewing in South Africa involving one of the country’s banks, an alleged gold smuggling ring, and…

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Don’t Buy TikTok Tax Misinformation

This is a published version of our weekly Forbes Tax Breaks newsletter. You can sign-up to get Tax Breaks in…

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How To Distinguish Between Willful And Non-Willful FBAR Penalties

The Bank Secrecy Act requires U.S. taxpayers to file annual reports with the government if their foreign accounts exceed $10,000…

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Can Trump Eliminate The Income Tax? Maybe With An 85% Tariff

The idea of eliminating the income tax is an attractive one to anyone that has ever had to cut a…

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