Taxes
Latest Taxes News
Proposed Tax Regs Provide Exceptions To Treating Transferors As Trust Owners
Published May 8, new proposed regs (REG-124850-08) provide guidance on information reporting of transactions with foreign trusts, receipt of large…
Green Card Holder Works Abroad: Tricky U.S. Tax And Immigration Issues
Navigating the intricacies of U.S. tax laws can be challenging, especially for green card holders living abroad. Green card holders…
Spotlight Shifts To Warning Signs In Latest ERC Update From IRS
The Internal Revenue Service (IRS) issued yet another update regarding the processing of Employee Retention Credits (ERC), warning taxpayers to…
No Tax On Tips – Now Social Security – What Is Next?
I had a sneaking suspicion that our once and possibly future president Donald Trump was going to come up with…
Our Washington (Isn’t) Calling Edition
This is a published version of our weekly Forbes Tax Breaks newsletter. You can sign-up to get Tax Breaks in…
“Your Voice At IRS” Is Optimistic About Levels Of Taxpayer Service After Difficult Years
At the height of the pandemic, between October 1, 2020, and September 30, 2021, the Taxpayer Advocate Service (TAS) received…
After Months In Limbo, Child Tax Credit Bill Fails To Advance In The Senate
More than six months after the House of Representatives passed a tax deal that would restore bonus depreciation, end the…
Kamala Harris Has Favored Taxes To Raise Revenue And Change Policy
It is too soon to know the details of presumptive Democratic presidential nominee Kamala Harris’s 2024 tax agenda. But her…
What to Know About Form 8889 for HSAs
If you’ve made contributions to or taken distributions from a health savings account (HSA), the IRS requires you to report…
Gifts Today, Taxes Tomorrow: The Interplay Between Gift And Estate Tax
The intricacies of federal tax laws can be daunting, especially when it comes to understanding how gift and estate taxes…
