“Do you need an invoice for your taxes?” the farmer asked. The buyer grabbed her produce and handed over the…
Published May 8, new proposed regs (REG-124850-08) provide guidance on information reporting of transactions with foreign trusts, receipt of large…
Navigating the intricacies of U.S. tax laws can be challenging, especially for green card holders living abroad. Green card holders…
The Internal Revenue Service (IRS) issued yet another update regarding the processing of Employee Retention Credits (ERC), warning taxpayers to…
I had a sneaking suspicion that our once and possibly future president Donald Trump was going to come up with…
This is a published version of our weekly Forbes Tax Breaks newsletter. You can sign-up to get Tax Breaks in…
At the height of the pandemic, between October 1, 2020, and September 30, 2021, the Taxpayer Advocate Service (TAS) received…
More than six months after the House of Representatives passed a tax deal that would restore bonus depreciation, end the…
It is too soon to know the details of presumptive Democratic presidential nominee Kamala Harris’s 2024 tax agenda. But her…
In recent years, the IRS has devoted more resources to employment tax matters. In addition to standard non-reporting and non-payment…
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