Browsing: Taxes

For decades, the idea of being subjected to an Internal Revenue Service (IRS) audit has inspired fear in the minds of taxpayers. For Black Americans, that…

Taxpayer comments on the revisions to reg. section 1.861-20 in new proposed regs question rules that require using asset tax book values as a proxy for…

After a few days of speculation about the debt ceiling agreement between President Joe Biden and House Speaker Kevin McCarthy, we finally have the details. The…

I write this article on the somber weekend of the Memorial Day Holiday. With the significance of honoring the fallen, it is important to remember how…

As an attorney that assists clients with audits, I see simple mistakes turn into huge problems. If you own a small business, you must follow record-keeping…

In the ever-evolving landscape of philanthropy, charities must adapt to new technologies to better engage with donors and support their missions. A recent addition to the…

Effective January 1, 2023 if you are age 70-1/2 or older, you can distribute up to $50,000 from your traditional IRA directly into a charitable remainder…

The frustration of business owners regarding their federal income tax payments is palpable. Though no major tax legislation has recently been passed, federal income tax payments…

Tax Notes contributing editors Robert Goulder and Joseph J. Thorndike examine the looming debt ceiling crisis and its likely effect on the IRS’s budget, all in…

As if texting shorthand wasn’t confusing enough (IKR?), when you have stock options, restricted stock units, or an employee stock purchase plan, you are plunged into…