Taxes
Latest Taxes News
IRS Issues FAQs On Retirement Plan Distributions And Loans Following Major Disasters
The IRS has answered some frequently asked questions (FAQs) relating to rules for distributions from retirement plans, IRAs, and retirement…
Court Bars Promoters As IRS Cracks Down On Charitable Remainder Trust Tax Schemes
A federal district court has permanently barred a tax professional and his company from organizing, promoting, selling, or marketing tax…
Treasury Issues New Proposed Regulations On Foreign Trusts And Gifts
The IRS witnessed a proliferation of abusive foreign trusts in the 1990s. In many of these arrangements, U.S. taxpayers successfully…
FTC Ban On Noncompetes: 7 Things Employees & Executives Must Know
The Federal Trade Commission (FTC) has issued a final rule banning noncompete arrangements for employees, independent contractors, and executives. The…
ERC Updates: Handling The Flood Of Improper Claims
Mary Wood of Meadows Collier discusses recent updates on the employee retention credit, from the IRS’s moratorium on new claims…
Judge Presses Pause On Second Case To Challenge FTC Non-Compete Ban
A federal judge has pressed pause on the U.S. Chamber of Commerce's lawsuit challenging the Federal Trade Commission's non-compete ban,…
With $15 Million At Stake, IRS Argues For Foreign Grantor Trust Status
Foreign trusts routinely cause U.S. reporting headaches for taxpayers. Generally, tax professionals must grapple with both the language used in…
How The Fed And The Treasury Department Are Hurting Small Businesses
It’s no secret that small businesses (and larger ones) are being damaged by the Biden regime’s unending avalanche of regulations.…
Portrait Of A Taxpayer, Circa 1916
In its early days, the federal income tax was something of a mystery. Policymakers expected the levy to raise money…
Under Biden Tax Plan, Capital Gains Tax Will Exceed 50% In 11 States
President Joe Biden floated a bevy of tax increase proposals as part of the president’s FY 2025 budget. That budget…
