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An Increase in Customer Theft is Increasing Restaurant Prices
IRS Shares Five New Warning Signs of Incorrect ERC Claims
‘Unpredictable’ Election Clouds Tax and Economic Policy View
Sanders May Bring His Populist Brand to Powerful Senate Finance Committee
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IRS Warns Employers About Abusive ESOP Schemes
The IRS has concerns that employee stock ownership plans are being used by some wealthy taxpayers as a tax avoidance tool.
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Tax Pointers on Mortgage Points
Points paid on a new mortgage are fully deductible if you meet certain tax law requirements. Notably, the acquisition debt must be secured by your principal residence and ...
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IRS Getting Serious About Prosecuting ERC Fraud
The Department of Justice recently arrested a New Jersey tax preparer for allegedly seeking more than $124 million from the IRS.
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Some Republicans Crack Open Door to Child Tax Credit Deal
At-risk freshmen and centrist groups in the GOP view the child credit as an important policy tool that has across-the-aisle support.
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Treasury, IRS Issue Final Rules on Bonus Energy Tax Credits for Poorer Communities
A new program gives eligible solar and wind facilities in low-income areas increased investment tax credits of 10% or 20%.
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Texas A&M Axes NIL Fund, ‘12th Man Plus,’ After IRS Memo
An IRS memo in June said name, image, and likeness collectives may not qualify as tax-exempt if the main objective is paying players.
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California Considers Giving Tax Exemption to Military Pensions
Proposed legislation would exempt military retirement income from California state income tax — at least for the next ten years.
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IRS Targets Monetized Installment Sales in Proposed Regs
Under the proposal, monetized installment sale deals would be considered listed transactions by the IRS.