Taxes
Latest Taxes News
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…
Moving Overseas? U.S. Tax Guidance For Expats And Digital Nomads
Imagine the freedom of working from anywhere in the world, with just an internet connection and a trusty laptop. For…
It’s Hard For Traders To Move Out Of New York For Tax Purposes
In today’s digital world, some people, especially traders, can operate their economic activities while traveling around the U.S. and the…
Simplifying VAT Compliance For Small Businesses: The New SME Scheme
Small and medium-sized enterprises (SMEs) make up an impressive 99% of all businesses in the European Union (EU), playing a…
Treasury Issues FY 2025 Green Book: Proposes Changes For Late PFIC QEF Election
U.S. taxpayers with investments in passive foreign investment companies (“PFICs”) often face complex and punitive tax rules. Under the default…
On May The 4th, A Tax Dispute That Started An Intergalactic War
This is a published version of our weekly Forbes Tax Breaks newsletter. You can sign-up to get Tax Breaks in…
FTC Ban On Non-Compete Clauses Faces First Legal Challenge From Tax Services Firm
On April 23, 2024, the Federal Trade Commission (FTC) issued a final rule banning non-compete agreements. The final rule made…
Court Unanimously Overturns Farhy, Finding IRS Has Authority To Assess Penalties
The D.C. Circuit Court issued a ruling today that the IRS does have the authority to assess foreign information return…
New EV Tax Credit Rules To Challenge China’s Dominance
The Treasury Department released final rules refining the U.S. strategy on electric vehicles, extending the clean vehicle tax credit of…
