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Taxes
What Trump’s 100% Auto Tariff Proposal Would Mean For The U.S. Economy
Corrected, March 28, 2024: A earlier version of this article erroneously reported where BYD makes…
How to Report Foreign Gifts With Form 3520
The IRS has clear guidelines and specific thresholds that dictate when and how U.S. persons…
House Passes Terrorism Bill Targeting Nonprofits, Despite Concerns About Overreach
Last week, the House of Representatives rejected H.R. 9495, Stop Terror-Financing and Tax Penalties on…
How Senate Rules Could Slow Down Any GOP-Trump Tax Cuts
Soon after the 2024 elections results rolled in, the speculation began about what they might…
In Lawsuit Settlement Agreements, Tax Language Is Very Important
Almost every legal settlement includes a full release of claims. A release may recite some…
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…
Sales Taxes On Halloween Candy Can Be More Trick Than Treat
Halloween spending is expected to reach $11.6 billion in 2024, just shy of last year's…
It’s Time For Tax Pros To Renew Their Preparer Tax Identification Number (PTIN)—Here’s How
Even though tax returns on extension were filed just a few days ago, the IRS…
Al Capone Found Guilty Of Tax Evasion On This Day In 1931
On this day in 1931, Al Capone was found guilty of tax evasion. The gangster,…
IRS Announces Direct File Program Will Be Available In Twice As Many States In 2025
The U.S. Department of the Treasury and the IRS have announced that the number of…
IRS Introduces Process For Third-Party Payers To Withdraw Bad Employee Retention Credit Claims
The IRS is not backing down on efforts to stem the tide of what it…
As The Corporate Transparency Act Deadline Creeps Closer, FinCEN Updates Guidance
The Corporate Transparency Act—or CTA—requires reporting companies to file reports with the Financial Crimes Enforcement…
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