Taxes
Latest Taxes News
IRS Says Direct File Will Be A Permanent, Free Tax Filing Option In All 50 States
Direct File will be a permanent, free tax filing option—that's the word from the U.S. Department of the Treasury and…
California Capital Gain Tax Is 13.3%, Biden Has Proposed 44.6%
California taxes are a common complaint in the Golden State, and legislators like to consider increases. For a decade, the…
Global Tax Chiefs Issue Crypto Assets Risk Indicators For Financial Institutions
The Joint Chiefs of Global Tax Enforcement (J5) have issued a warning to financial institutions with risk indicators that may…
What To Know About Reverse Mortgages—From Taxes To Impact On Benefits
It feels like everything costs more these days—and some homeowners are looking for ways to increase cash flow without invading…
Lessons For Partnership Tax From Trump’s IRS Audit
Monte Jackel of Jackel Tax Law discusses partnership taxation rules and the role they play in former President Trump’s ongoing…
Illinois Eyeing Sports Wagering Tax Up To 40%
The Illinois General Assembly has passed an amendment to a bill which, if made law, will apply a progressive rate…
Trump’s Attacks On Cities Will Hurt America’s Economy
As the presidential campaign heats up, Donald Trump is recycling a standby of his previous campaigns—attacking American cities as crime-ridden…
Will Energy Tax Credit Guidance Ruin Your Summer Holiday?
It’s nearly summer, and the IRS and Treasury still have a long list of guidance under the Inflation Reduction Act…
As Summer Begins, The Tax World Shows No Signs Of Cooling Off
This is a published version of our weekly Forbes Tax Breaks newsletter. You can sign-up to get Tax Breaks in…
Partnership Beats IRS In Tax Court: BBA Election Held Valid
In tax cases, sometimes procedure alone wins the day. In SN Worthington Holdings LLC v. Comm’r, 162 T.C. No. 10…
