Taxes
Latest Taxes News
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 can significantly impact individuals and…
Gearing Up For The 2025 Energy Tax Debate
The guidance implementing the energy tax credits in the Inflation Reduction Act is not yet complete, but it’s already time…
Federal Court Grants Summary Judgment Motion On Willful FBAR Penalty
Litigation in federal court is analogous to a game of chess. Although each side has a limited number of moves,…
Government Files Notice Of Appeal After Corporate Transparency Act Deemed Unconstitutional
(Author’s Note: Edited to reflect Statement from the Treasury.) You knew it was coming: the U.S. Department of Justice and…
Navigating The Corporate Transparency Act
Christine Green of Steptoe & Johnson PLLC discusses the Corporate Transparency Act and the recent litigation regarding its constitutionality. This…
DOJ Alleges Decades-Long Tax Scheme To Hide Foreign Assets From IRS
On March 11, 2024, the Department of Justice (DOJ) announced that a Florida man had been arrested for an alleged…
Don’t Skip The IRS ‘Yes Or No’ Crypto Tax Question On 2023 Tax Returns
There is a lot of talk about crypto investors and tax compliance, but a yes or no question can be…
Who Is Eligible for the Earned Income Tax Credit (EITC)?
The earned income tax credit can provide substantial financial benefits for low-income working individuals and families, reducing taxes by hundreds…
Many Taxpayer Assistance Centers Provide Saturday Service
In addition to reopening many Taxpayer Assistance Centers and providing pop-up style service to taxpayers and tax professionals in rural…
My Dad Left Me $450k in an IRA, But I’m in the 32% Tax Bracket. How Should I Structure My Withdrawals?
There are a couple of different sets of rules around inherited IRAs and you’re subject to theleast flexible. While there…
