Month: July 2021

While the White House and congressional Democrats are feverishly trying to enact massive, economy-killing tax increases, numerous states are going in the opposite direction: They’re cutting taxes. This segment of What’s Ahead focuses on how local officials are recognizing that lower tax rates mean more opportunities and prosperity. Ohio engineered the biggest tax reduction in
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Millions of Americans have switched jobs during the coronavirus pandemic. Beyond that, some 12,000 baby boomers have been entering retirement every day, which has led to a flood of 401(k) rollovers. Along the way, many workers will make one or more of the following seven 401(k) rollover mistakes. ADVERTISEMENT The result of a 401(k)-rollover mistake can
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An IRS office building in the East Harlem neighborhood of New York. Timothy Fadek/Bloomberg via Getty Images Last December, two Atlanta tax professionals pled guilty to a scheme that defrauded the IRS of more than $250 million in taxes. The scam claimed more than $1.2 billion in fraudulent charitable deductions through so-called syndicated conservation easements,
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