Taxes
Latest Taxes News
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…
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…
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…
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…
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…
Justice Department Returns Millions To Malaysia As Work Continues On 1MDB Scandal
The Justice Department has announced that it has turned over an additional $156 million in misappropriated 1Malaysia Development Berhad (1MDB)…
Dear IRS: This May Look Like My Income, But It Belongs To Someone Else
Have you ever received something that wasn’t entirely yours? Probably. Say you receive $100 but have to hand over half…
TikTok And Other Social Media Posts Are Wrong About Charity At The Checkout
A few days ago, I saw a post on social media from a taxpayer concerned about what exactly goes on…
IRS Seeks In-Person Interviews For Failure To File A 2011 Form 5471
Taxpayers with foreign assets often have international information return filing requirements. And the failure to timely file these returns can…
Supreme Court May Hear Philadelphia Case Focused On State And Local Taxes
The Supreme Court Justices may want to brush up on their tax law this summer. It seems that more tax…
