Taxes
Latest Taxes News
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…
Don’t Roll Over RMDs To Other Retirement Accounts
Some retirees continue to make a key mistake with required minimum distributions, and that could cost them a lot of…
How To Avoid Faulty Advice On IRS Form 706 And The Portability Election
There is an onerous issue plaguing the tax community. Some tax professionals have been advising their clients that filing the…
Treasury Secretary Yellen Indicates U.S. Will Not Support Global Billionaire Tax
The world’s ultra-rich should pay more in taxes. That’s the crux of a proposal by some members of the G20—and…
5 Things You Should Know Now About IRS Form 3520-A
U.S. persons with interests in foreign trusts often have complicated international reporting obligations. Aside from an IRS Form 3520, these…
Used EV Tax Credit Is A Better Deal For Cars Over $17,501
Since 2023, qualified used electric vehicles have been eligible for a federal tax credit for up to 30% of the…
