Taxes
Latest Taxes News
The Civil War Income Tax Was Failing. Could A Crackdown On Cheats Save It?
America’s first income tax was a disappointment, at least to the editors of Scientific American. In a January 9, 1864,…
Maximizing The Federal Gift Tax Annual Exclusion: A Brief Guide For Savvy Taxpayers
With the potential sunset of the Tax Cuts and Jobs Act forthcoming at the end of 2025, much of the…
U.S. Tax: 4 Tips For Americans Receiving A Foreign Inheritance
While an American may feel a mix of joy and sorrow when receiving a foreign inheritance—happy about the financial windfall…
Tax And Financial Literacy Matters
This is a published version of our weekly Forbes Tax Breaks newsletter. You can sign-up to get Tax Breaks in…
What Are the Tax Consequences of Inheriting a CD?
If you inherit or plan to bequeath a certificate of deposit (CD) as part of your estate, there may be…
How Capital Gains Tax on Home Sales Works
If you sell your home for a profit, the IRS considers this a taxable capital gain. This rule applies to…
Artificial Intelligence And The U.N.’s Global Tax Reform
Robert Goulder of Tax Notes and Lyla Latif of Warwick Law School discuss the importance of considering artificial intelligence as…
California Is Taxing Nonresidents, Here’s How To Avoid An Audit
If you live or do business in California, state taxes are a significant part of the overall taxes you pay.…
Federal Taxes Are Set To Skyrocket
S Corporation shareholders and partners in a partnership could see their effective federal income tax rate increase by 30% by…
Reasons Why Content Creators Should Form An S Corp
In the last four years, content creation has undergone significant changes, with platforms such as Twitch, OnlyFans, Youtube, Instagram, and…
