Taxes
Latest Taxes News
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…
Tax Implications for Reverse Mortgages
A reverse mortgage can be a useful way to access the value of your home without having to sell it.…
How To Survive An IRS Employment Tax Audit
In recent years, the IRS has devoted more resources to employment tax matters. In addition to standard non-reporting and non-payment…
9 Common Tax Mistakes and How to Avoid Them
The more money you make, the higher your tax liability could be. And making a mistake in your filing can…
