Taxes
Latest Taxes News
IRS Commissioner Danny Werfel Announces Departure
IRS Commissioner Danny Werfel has announced that he is leaving the agency on January 20, 2025. The timing is something…
The Money, Treasury, And Internal Revenue Service Shakeup Edition
“I will commit that for this tax season … Direct File will be operative.” That was the word from Scott…
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 to get Tax Breaks in…
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 a proposed funding measure to…
In Lawsuit Settlement Agreements, Tax Language Is Very Important
Almost every legal settlement includes a full release of claims. A release may recite some of the plaintiff's claims, but…
What Will Happen To Trump’s Tax Policy Agenda?
Donald Trump’s return to the White House combined with Republican control of the Senate, and perhaps the House, will place…
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…
