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Taxes
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…
After Legal Settlement Payment, You May Receive Two IRS Forms 1099
If you received a lawsuit settlement in 2024, you probably received an IRS Form 1099…
The Money, Treasury, And Internal Revenue Service Shakeup Edition
“I will commit that for this tax season … Direct File will be operative.” That…
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…
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…
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…
Trump Picks Former Representative Billy Long As Next IRS Commissioner
President-elect Donald Trump announced he has tapped former Congressman Billy Long as Commissioner of the…
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…
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