Taxes

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Understanding Form 8606 for IRA Taxes

If you use an IRA to save for retirement, IRS Form 8606 might be an…

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IRS Whistleblower Littlejohn—Between Weaponizing And Whistleblowing

In the annals of modern whistleblowing, the name Charles Littlejohn is not likely first to…

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What Is Net Investment Income and How Is It Taxed?

Net investment income (NII) is defined as the profit gained from investments after deducting certain…

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How The Rise In Super Commuting Is Changing Work

Is being a “super commuter”—living in one place but physically working a long distance away—in…

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How to Report a Backdoor Roth IRA With Form 8606

A backdoor Roth IRA typically offers high-income earners a workaround to contribute directly to a…

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Filing Season Statistics Show Refunds Edging Higher As Tax Day Approaches

Tax filing season statistics still suggest that filers aren’t rushing to file their returns—but tax…

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How to Set Up a Payment Plan for Taxes You Owe

When an individual or business owes taxes to the Internal Revenue Service (IRS), settling the…

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Licensing Fees For AI Training Data Is Impractical—AI Tax Is Workable

Speaking at the Vanderbilt University Music Law Summit, an intellectual property attorney for OpenAI stated…

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What Is a Gift Loan and How Does It Work?

A gift loan is essentially a loan with an interest rate well below the market…

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The BBA Partnership Audit Rules—Form 8082 And Inconsistent Reporting

Introduction Federal tax law treats partnerships as conduits for tax reporting purposes. Under this reporting…

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