Taxes
Latest Taxes News
Treasury Declares New Ownership Reporting Law Will Apply Only To Foreign Companies
U.S. businesses no longer have to comply with the beneficial ownership information (BOI) reporting filing requirements of the Corporate Transparency…
Choosing The Right 401(k) For Your Small Business
Selecting a 401(k) plan for your LLC or S corporation can significantly impact your employees’ retirement savings and your company’s…
After Legal Settlement Payment, You May Receive Two IRS Forms 1099
If you received a lawsuit settlement in 2024, you probably received an IRS Form 1099 from the defendant in early…
IRS Taxpayer Data Is Tightly Restricted By Law. Will This Stop Trump, Musk And DOGE From Gaining Access?
Earlier this month, Elon Musk's Department of Government Efficiency (DOGE) raised eyebrows when it requested access to sensitive taxpayer data…
Government Appeals Decision Blocking Business Ownership Reports, But Hints At Coming Policy Change
Earlier this year, the Supreme Court granted the government's application for a stay of a Texas ruling in the Fifth…
Trump Signs Dozens Of Executive Orders, Including One That Could Slow Your Refund
President Donald Trump signed dozens of executive actions on his first day in office, including some that could impact your…
IRS Audit Period Is 3 Years, 6 Years, Or More. Here’s How To Tell
Tax returns are annual, and getting them filed also means starting the clock ticking for how long the IRS has…
IRS Commissioner Danny Werfel Announces Departure
IRS Commissioner Danny Werfel has announced that he is leaving the agency on January 20, 2025. The timing is something…
The Money, Treasury, And Internal Revenue Service Shakeup Edition
“I will commit that for this tax season … Direct File will be operative.” That was the word from Scott…
The Wild End To 2024 That Could Shake Up The 2025 Tax Season Edition
This is a published version of our weekly Forbes Tax Breaks newsletter. You can sign-up to get Tax Breaks in…
