Taxes
Latest Taxes News
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…
What’s Next For ERC Refund Claims Pending With The IRS?
The latest IRS data shows that it had 1,057,000 unprocessed Forms 941-X as of December 9, 2023. Most of those…
IRS Extends Free File Program Through 2029, While Direct File Future Remains Uncertain
The IRS will extend the Free File program through October 2029, following an agreement to continue making free private-sector tax…
In Terrorem Clauses In Estate Planning
Disinheriting a child or family member from one’s estate plan can be one of the most difficult and often heartbreaking…
Copilot+ PCs Could Be A Privacy Nightmare For Professionals
On a May 20th event on Microsoft’s Microsoft campus, the Redmond, Washington company introduced Windows PCs designed specifically for AI—dubbed…
Biden’s Tariffs Conflict With His Environmental Goals
Slowing climate change has been a signature issue for President Biden. But Biden also has been an ardent booster of…
