Tax News

This economic wreck of a country may soon be rescued by a fervent believer in capitalism.

Five Texas men pleaded guilty today to their participation in a scheme to fraudulently obtain and launder millions of dollars in forgivable Paycheck Protection Program…

While many tax accountants and business professionals welcome the additional guidance, the timing was not ideal.

Nana Ama Sarfo outlines the state of digital link taxes and how they demonstrate that unilateral taxes on digital service providers continue to evolve.

The IRS has expanded online services available to tax professionals with a Tax Pro Account, including the ability to view and manage taxpayer information.

On Sept. 30, 2023, with a few hours to go before midnight, the House passed a bipartisan bill to fund the government for 45 days.

An Internal Revenue Service consultant has been charged with disclosing tax return information without authorization. If convicted, he could get up to five years.

NTA Erin Collins warned taxpayers that if there is a shutdown, the Taxpayer Advocate Service will not be permitted to assist taxpayers until the government reopens.

A government shutdown would mean that the IRS would be operating with a significantly reduced staff, resulting in delays and disruptions to its services.

Tax governance- Becoming a Large Business – Tax Strate This article focuses on another tax governance obligation for large businesses in the UK; the requirement to pub…

With a government shutdown pending, federal agencies are taking steps to get ready—including the IRS. About one-third of IRS employees will continue to perform services.

The IRS has expanded its chatbot technology to help answer basic questions for people receiving tax notices.

On Sept. 30, the government will run out of money. Unless a compromise is reached, there will be a shutdown and all nonessential government functions must stop.

Traders have unique needs and opportunities in tax planning. Get organized well before the year-end so you don’t miss out.

RSBs are coupon-only bonds that would be issued by the U.S. Treasury. Their adoption would dramatically improve the wellbeing of current and future American retirees.

Bloomberg Tax has released its annual Projected U.S. Tax Rates Report, giving you an early look at what brackets and other key tax figures will look like in 2024.

Garrett Brodeur, a tax attorney based in Washington, D.C., discusses the recently released proposed regulations for the cryptocurrency industry and their potential effect on digital asset transactions.

Speaking to ForbesBLK Senior Editor Jabari Young Sen. Rev, Raphael Warnock (D-GA) spoke about leading both a congregation and representing Georgia as a senator.

On September 22, 2023, Jack Fisher was convicted of fraud that involved his dealings in the conservation industry. This conviction will have an everlasting impact.

All 16 counties in Maine and all 14 counties in Massachusetts qualify for IRS filing and payment extensions until Feb. 15, 2024 from the October 16 2023 due date.

The DOJ announced that Timothy McPhee and Larry Conner have been charged with conspiring to defraud the U.S. and assisting in the preparation of false income tax returns.

The IRS has announced tax relief for individuals and businesses in Maine and Massachusetts affected by Hurricane Lee.

In tax history, Joseph J. Thorndike examines arguments for and against funding cuts to the IRS during President Truman’s administration.

The IRS moratorium on ERC claims can impact previously filed ERC claims, and claims that are filed in the future…

The pass-through group is equipped with a team of experts who have an in-depth understanding of complex tax structures, financial transactions, and offshore holdings c…

Mark Anthony Gyetvay was convicted of failing to file a FBAR, making a false statement to the IRS, and willfully failing to file tax returns.

From friendly wagers to jackpots, gambling winnings are reportable by individuals for tax purposes. And when gambling turns criminal, law enforcement takes an interest.

Instacart’s IPO is a big payday of liquidity for employees with grants of restricted stock units (RSUs) and stock options. Its SEC registration filing shows how it works.

They either provide political cover for lawmakers who want to achieve a goal but are afraid to act without an external push. Or an excuse to duck crucial policy decisions.

The IRS has announced plans to establish a special pass through organization to focus on large or complex pass-through entities.

By refusing to support a House GOP alternative, far-right holdouts leave Speaker McCarthy with little choice but to allow a vote on the Senate’s bipartisan approach.

This will undoubtedly have an effect on legitimate claimants and further complicate the already complicated ERC process.

The FTC is warning five tax preparation companies that they could face civil penalties if they use or disclose confidential data collected from taxpayers.

Joseph Nocito was sentenced to prison for conspiring to defraud the U.S. Nocito was accused of characterizing millions of dollars of personal costs as business expenses.

While in Paris, Arasokun devised a scheme to unlawfully obtain tax refund money by filing fraudulent federal income tax returns.

Tax Notes reporter Andrew Velarde discusses the latest developments on the final regulations for claiming foreign tax credits, including the IRS’s decision to delay implementation and the tax community’s response.

Michael R. Stevenson is better known by his stage name of Tyga.

Under the tax code, whether payments you receive for being injured are taxed depends on your injuries. But non-physical injuries like emotional distress are taxed.

Marie Sapirie examines how the proposed elective payment regulations under the Inflation Reduction Act will affect U.S. territories.

Weeks after the IRS announced plans to ramp up its focus on millionaires, complex partnerships, and large corporations, the agency said it would hire 3,700 new employees.

As companies continue struggling with remote work for their employees, many workers want at least some remote work. But not everyone can get it. Can you?

The idea of the Employee Retention Credit was to get money into the hands of employers during the pandemic. Now, the IRS worries it’s become a money grab.

Tax Notes contributing editor Robert Goulder proposes that the Taxpayer Advocate Service create a special unit to focus on concerns of American citizens living abroad.

Gov. Brian P. Kemp declared a State of Emergency in Georgia, citing inflation and unfavorable economic conditions. The move will save Georgians 31.2 cents/gallon of gas.

A federal jury in Detroit has found Ryan Richmond of Bloomfield, Michigan, guilty on charges including evading federal income taxes and obstructing the IRS.

Professor Clint Wallace of the University of South Carolina School of Law discusses his argument for using tax policy to reinforce democracy.

No matter the transaction, you may have a gain or a loss triggering taxes. And new 1099 reporting rules will make the tax bite more certain.

Ryan Finley asserts that the apparent failure of the United States’ global crusade against digital services taxes should prompt a reassessment of U.S. policy.

The Covid pandemic-induced growth in working from home continues rippling through the economy, highlighting tensions for both employees and employers.

A report from Chester County, Pa., where the manhunt continues for escaped killer Danelo Cavalcante. A similar search years ago cost taxpayers millions.