Taxes
Latest Taxes News
Modeling A 1% Wealth Tax—Back Of The Envelope Calculations
A wealth tax is a levy imposed on the net value of held assets, including cash, real estate, investments, and…
Despite Ruling, Fights Over Maryland’s Digital Advertising Tax Continue In Court
Maryland’s digital advertising tax—codified as the Digital Advertising Gross Revenue Tax Act—is in the news again following a recent ruling…
Grounded By IRS: U.S. Passport Denied Or Revoked For Delinquent Taxes
Did you know that your U.S. passport could be denied, revoked, or not renewed if you owe significant back taxes?…
An Overview Of Common IRS Penalty Defenses For A Late-Filed Form 3520
Generally, U.S. persons must file an IRS Form 3520 if they: (i) make transfers to or receive distributions from a…
IRS Urges Taxpayers To Seek Out Trusted Tax Pros, Not Social Media, For Tax Advice
The IRS has issued a consumer alert after seeing bad advice circulating on social media about several credits, including a…
The SALT Cap After 2025
Ted Peterson of the University of North Texas Ryan College of Business discusses the SALT deduction cap and its potential…
If You Are Under Audit And IRS Asks For More Time, Should You Agree?
Giving the IRS more time to audit you sounds counterintuitive or even crazy, but it is not. During the IRS…
The RNC Platform Would Make Inflation Worse
The theme of the Republican National Convention’s opening night in Milwaukee was “Make America Wealthy Again.” Speakers one after the…
Chevron Is Dead. What Does That Mean For Tax Regulations?
Two Supreme Court decisions released within days of each other in late June and early July are likely to usher…
IRS Conservation Easement Settlement Offer – Sweet Deal ?
One of the major IRS campaigns of the last decade may be entering its windup phase. The campaign is against…
