Taxes
Latest Taxes News
What Are the Imputed Interest Tax Rules?
Imputed interest rules can turn even a simple act of generosity into a taxable event. This IRS regulation requires interest…
Time To Tax Data? Why The Next Great Tax Frontier Could Be A Data Tax
We’ve heard it time and time again: Data is the new corporate currency. As the era of Big Data has…
How to Avoid Overpaying Your Taxes
Getting a tax refund can seem like a financial windfall, but it means you’ve overpaid your taxes and given the…
Watchdog Says IRS Had Success With Ghost Employers, But There’s More Work To Be Done
It seems that everyone has been ghosted by friends, co-workers, or old flings—but what about your employer? IRS-Criminal Investigation (IRS-CI)…
I’m Selling My House and Netting $480k. Can I Avoid Taxes While Downsizing for Retirement?
In most cases, when selling your primary residence you can exclude $500,000 of the gain if you file as a…
How Zero-Sum Thinking May Affect Attitudes About Taxes
Do you think about the world as “zero-sum,” where resources are limited and my gain is your loss? Or do…
How to Report Foreign Gifts With Form 3520
The IRS has clear guidelines and specific thresholds that dictate when and how U.S. persons (citizens, resident aliens or domestic…
Federal Agencies, Including IRS Criminal Investigation, Tout Money Mule Awareness
An exciting vacation to Thailand takes a turn in the movie “Brokedown Palace” when Alice, played by Claire Danes, and…
27 Defendants Face Money Laundering Charges As Panama Papers Trial Begins
Eight years ago, tongues were wagging after the International Consortium of Investigative Journalists (ICIJ) and its media partners made public…
IRA Early Withdrawal Rules and Penalties
When you deposit cash into your retirement account, it enters a new realm of rules and regulations. While your IRA…
