Taxes
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More Rich Americans Will Soon Be Hit With an IRS Audit, Werfel Pledges
EV Makers Win Two-Year Extension to Qualify for Tax Credits
2024 Guide to State Sales Tax Holidays
Hawaii to Offer Tax Amnesty to Switch Short Term Rentals to Long Term
Foreign Intrigue on Taxable Income
A self-employed individual may claim the foreign earned income exclusion on foreign earned self-employment income.
Business Owners’ ERC Payouts Could Take Up to 160 Days, IRS Says
Small business owners are seeing delays drag out for months for the employee retention credit tax claims they've submitted.
IRS is Going After NIL Collectives’ Tax-Exempt Donations
An IRS memo says the name, image and likeness benefits provided to college athletes serve their private interests, not the public's interests.
Survey Finds 2018 Wayfair Decision Adds Costs for Consumers
Nearly half of U.S. and U.K. businesses surveyed have increased prices for customers due to online sales tax complexity resulting from the Wayfair decision five years ago.
State Department Can Revoke Passports for Taxpayers with Tax Liens or Levies
The government can deny or revoke passports of people with federal tax debts of $59,000 or more and a tax lien or levy has been filed.
Trump’s Suit Against Niece Over NY Times Story About His Taxes Advances
A judge on Friday rejected Mary Trump’s argument that the former president’s lawsuit violated a state law against frivolous litigation.
Corporations Get a Reprieve From the IRS on New CAMT
The IRS waived penalties for corporations that didn't pay their estimated tax liability under the corporate alternative minimum tax.
AICPA Expresses Strong Support for Bicameral Disaster Tax Relief Legislation
The process for receiving tax filing relief from the IRS during a natural disaster can be overwhelming.