Taxes
Latest News
‘Unpredictable’ Election Clouds Tax and Economic Policy View
Sanders May Bring His Populist Brand to Powerful Senate Finance Committee
Accountant Gets Jail Time For Charging $3 Million on New Jersey Employer’s Credit Card
New Jersey Joins IRS Direct File For 2025 Filing Season
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IRS Extends Time for DSUE Election
It just got a little easier for wealthy families to benefit from a favorable estate tax break. In a new ruling, the IRS has extended the time for making the simplified ...
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The Tax Blotter – July 2022
Many provisions in the tax law are indexed for inflation, so they go up virtually every year. Yet there are several interesting twists and turns for taxpayers.
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IRS to Host Webinar on Scams, ID Theft and Other Threats
The Internal Revenue Service and the Federal Trade Commission will sponsor a free webinar designed to help everyone recognize and combat tax scams and tax-related identity theft.
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California Nixes Vote on Public Health Tax
A ballot initiative that would have raised taxes on California millionaires and billionaires to fund public health programs and pandemic prevention is dead — at least for this year.
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Congress Again Considers Free IRS Income Tax Filing System
The legislation would direct the IRS to create software that would allow any taxpayer to prepare and file their individual income tax return beginning in tax year 2023.
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Georgia Man Gets 19 Year Sentence for Filing False Trust Tax Returns
He claimed $165 million in refunds on behalf of the purported trusts. The IRS paid $5 million of the requested refunds. Mattox used those funds to purchase a new house ...
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More IRS Forms Can Now Be Amended Electronically
These include people filing corrections to the Form 1040-NR, U.S. Nonresident Alien Income Tax Return and Forms 1040-SS, U.S. Self-Employment ...
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Tax Pros Warned of New Identity Theft Threats
Identity thieves were especially active this past year as they continued to use the pandemic, nationwide teleworking practices and other events as predatory ...