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Latest Taxes News

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…

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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…

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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…

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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…

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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.…

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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…

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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…

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Can Republicans Get It Right On Taxes If They Win In 2024?

Most of the successful Trump tax cuts enacted in 2017 expire in 2025. But some Republicans are making noises that…

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Governments Must Regain Voter Trust With New Economic Policies

Daily reporting on election campaigns (who’s up or down in polls, what did a candidate say today), is obscuring an…

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IRS Direct File Expands To All 50 States For 2025

The U.S. Department of the Treasury has announced the pilot Direct File program will be a permanent free filing option…

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