Taxes

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The Money, Treasury, And Internal Revenue Service Shakeup Edition

“I will commit that for this tax season … Direct File will be operative.” That…

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How To Help Those Affected By The California Wildfires–And Maybe Get A Tax Break

Wildfires in southern California have burned at least 47,000 acres in the Los Angeles area—the…

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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…

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Spending Bill Has Something For Everyone, Including An Extension For Beneficial Ownership Information Reports

As the clock continues to tick down, Congressional leaders have finally released the text of…

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In Lawsuit Settlement Agreements, Tax Language Is Very Important

Almost every legal settlement includes a full release of claims. A release may recite some…

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What Will Happen To Trump’s Tax Policy Agenda?

Donald Trump’s return to the White House combined with Republican control of the Senate, and…

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State Election Outcomes Mixed On Property Tax, Cannabis, And Other Ballot Measures

While federal tax questions have dominated the headlines this election cycle, state and local taxes…

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Former IRS Commissioner Cites Missed Opportunity In State Of The Union Address

Days after President Biden delivered his address on the State of the Union, people are…

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Federal Agencies, Including IRS Criminal Investigation, Tout Money Mule Awareness

An exciting vacation to Thailand takes a turn in the movie “Brokedown Palace” when Alice,…

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What Is the Tax Underpayment Penalty and How Can It Be Avoided?

Understanding tax payments and the potential repercussions of underpayment is crucial. The tax underpayment penalty…

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