Taxes
Latest Taxes News
5 Things You Should Know Now About IRS Form 5472
Certain corporations (both U.S. and foreign) and certain foreign-owned U.S. disregarded entities must file IRS Form 5472, Information Return of…
New Laws And Budget Proposals—Including One That’s Out Of This World
This is a published version of our weekly Forbes Tax Breaks newsletter. You can sign-up to get Tax Breaks in…
D.C. Cir. Finds IRS Summons Prevents Qualified Amended Return Defense
The IRS frequently imposes penalties against taxpayers who file incorrect tax returns. And these accuracy-related penalties can be steep, representing…
Oh, La La! Pennsylvania Court Rules Perrier Is A Soft Drink—And Taxable
Sales tax on food and beverages can be complicated. While five states do not have a sales tax (Alaska, Delaware,…
IRS Suffers Another Defeat Related To Civil Penalties In Tax Court
The IRS suffered another defeat in the U.S. Tax Court focused on civil penalties and automatic assessments—and taxpayers have last…
Biden Capital Gains Rate Proposal: 44.6%?
Much has been made of President Biden’s proposal in the Budget of the United States Government, Fiscal Year 2025, to…
PTET Tax Strategy 2024 Deadline Coming For California Business Owners
The Pass-Through Entity Tax (PTET) may be the only time your tax planner tells you to pay an optional tax.…
Can You Claim Theft Loss Deductions Related To Internet Scams?
According to a report from the Federal Trade Commission, Americans lost more than $10 billion from theft and fraud in…
What The End Of Chevron Deference May Mean For Tax
Frank Agostino of Agostino & Associates discusses two pending Supreme Court cases, their potential effects on the Chevron doctrine, and…
Do We Need A Property Tax For Space?
The Biden administration’s Budget of the United States Government, Fiscal Year 2025 contains an outwardly modest but potentially pivotal policy…
