Taxes
Latest Taxes News
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…
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)…
