Taxes
Latest Taxes News
Don’t Wait Until The Tax Cuts And Jobs Act Expires To Do Your Estate Planning
Working with estate planning attorneys can involve a lot of emails projecting doom and gloom about changes in tax laws.…
Tax Double-Header: Ohtani And His Former Translator
Tax Notes senior legal reporter Nathan Richman discusses the tax implications of the recent financial controversies surrounding Los Angeles Dodgers…
Tax Court Denies Roughly $40 Million IRS Innocent Spouse Relief Claim
Married taxpayers can file their taxes together or separately. Because it is often more tax-advantageous and convenient to file together,…
IRA Heirs Can Delay RMDs Another Year, But Should They?
The IRS recently announced that in 2024, for the fourth consecutive year, IRA beneficiaries don’t have to take the annual…
The Tax Man Comes For Fast Fashion, Part 2
Of the many rivals that fast-fashion giants Shein and Temu are steadily compiling, Etsy is perhaps the most unlikely. Etsy,…
If You Pay Hush Money, You May Not Be Able To Deduct It On Your Taxes
As the Trump hush money trial continues, it’s worth noting that many businesses pay hush money on occasion. There are…
Arrests, Reward Offered In Massive North Korean Tech Scam Targeting U.S. Companies
Think that your data is safe thanks to your information technology (IT) department? Think again. The Department of Justice (DOJ)…
Foreign Spouse? Vexing U.S. Tax Issues For The American Half
Earlier, I wrote an article examining some of the U.S. gift and estate tax issues that arise when one spouse…
Scammers And Fraudsters And Leakers, Oh My!
This is a published version of our weekly Forbes Tax Breaks newsletter. You can sign-up to get Tax Breaks in…
Can Short-Term Capital Losses Offset Long-Term Capital Gains?
2024 Long-Term Capital Gains Tax Rates RateSingleMarried Filing JointlyMarried Filing SeparatelyHead of Household0%$0 – $47,025$0 – $94,050$0 – $47,025$0 –…
