Taxes

Close-up of Conservation easement with pen getty The Charitable Conservation Easement Program Integrity Actis back. We learn that from a press release issued by the Senate Finance Committee. Senator Grassley uses some pretty strong language. The conservation easement program is an important tool for protecting and preserving our environment. But bad-faith scammers have taken advantage of

The popularity of cryptocurrency has been on the rise for years. But 2020 has been a very special year with many more retail investors getting exposure to bitcoin during the COVID-19 lockdown, public companies like MicroStrategy MSTR , Square SQ , and Grayscale beefing up their bitcoin holdings, and major fintech companies like PayPal PYPL

Words TAX COURT composed of wooden letters. Statue Themis and judge’s gavel in the background. getty Lew Taishoff’s nomination for best Tax Court decision of 2020 is Oakbrook Land Holdings 154 TC 10. We need to take Mr. Taishoff’s opinion very seriously. He covers the Tax Court with incredible intensity. He may have a break this holiday season

A string of taxpayer victories in Conservation Easement cases has many taxpayers who have sponsored or invested in these transactions re-thinking whether settling pending tax court litigation is a good idea, after all. The Eleventh Circuit’s decision in Pine Mountain Preserve, LLLP v. Commissioner, coupled with recent Tax Court decisions in Kissling v. Commissioner and Rajagopalan

Congressional Progressive Caucus members Rep. Pramila Jayapal, D-Wash., center, accompanied by Rep. … [+] Ilhan Omar, D-Minn., and Rep. Mark Pocan, D-Wis., speaks during a news conference on the targeted killing of Iran’s senior military commander Gen. Qassem Soleimani on Capitol Hill, in Washington, Wednesday, Jan. 8, 2020. (AP Photo/Jose Luis Magana) ASSOCIATED PRESS The

Should I sell my cryptocurrency before the year-end or after the year-end? The US tax system works on a calendar year. This means the taxes due for your financial activity between January 1, 2020 to December 31, 2020 will be due by April 15, 2021. Taxes due for your financial activity between January 1, 2021

PALM BAY, FLORIDA, UNITED STATES – 2020/12/08: People line up to receive food at the Share Your … [+] Christmas food distribution event. (Photo by Paul Hennessy/SOPA Images/LightRocket via Getty Images) SOPA Images/LightRocket via Getty Images One of the major skirmishes in the months-long battle over the fate of a new pandemic relief bill is

United States Tax Court building in Washington DC getty U.S. Tax Court Chief Judge Maurice B. Foley discusses his path to the bench, the court’s new case management system, and pivoting to virtual during the coronavirus pandemic. This post has been edited for length and clarity. Nathan Richman: Well, thank you for joining us, Judge Foley.

No matter how much time and energy you invest into politics, you probably know student loan debt has become just as much a political issue as a financial one. Both sides of the aisle have suggested some relief for student loan debt, including the Trump Administration’s current halt on payments and interest for most federal

Two railways tracks merge close up. getty For a taxpayer, it must be disappointing when the courts uphold your challenge to a state revenue agency auditor’s application of a regulation that resulted in an assessment for additional tax. Yet substantive challenges — including a taxpayer’s assertion that the auditor included transactions that are not taxable

close up employee man hand put number 1 of cube shape wood to make calendar date December 31 at … [+] office desk for the last day of the last year countdown concept getty No one likes to overpay in taxes, but one of the biggest mistakes people make is waiting until April 15th to

Work-from-home is a crowd pleaser. That may sound like an obvious finding, but – given the dire circumstances under which the world entered the virtual workforce this year – it’s a significant one. A woman working from home as a preventive measures against the spread of covid 19 disease. (Photo by … [+] Robin Utrecht/SOPA

Reading a few books on the floor getty If you graduated from law school within the past five decades, you probably saw on the menu of courses offered during your second or third year a curious seminar with a title like “Law and Literature” or, most likely, exactly that. The version at my school —

Nykvåg beach is a picturesque spot in the Vesterålen Islands. But Norway’s richest aren’t moving … [+] here for the views. getty Retired cross-country skier and cultural icon Bjørn Dæhlie is among a group of wealthy Norwegians who now call Bø i Vesterålen home. The sparsely-populated municipality on a windswept Arctic island is attracting many

Economic Security Planning, Inc. Today’s column addresses questions about whether stopping work years before filing will reduce retirement benefits, effects of an ex filing on a spouse’s record, disability benefits converting to retirement benefit and the Government Pension Offset. Larry Kotlikoff is a Professor of Economics at Boston University and the founder and president of

Hand holds documents Captive insurance about insurance. getty The Supreme Court rarely hears tax cases which makes the recent oral arguments in CIC Services v IRS exciting. That is about all that makes them exciting to ordinary mortals as what was going on at the Supreme Court was an argument about whether they could have

Office for Budget Responsibility (OBR) chairman Robert Chote at a press conference at the Institute … [+] for Government, London, as the organisation publishes its first Fiscal Sustainability report.Picture date: Wednesday July 13, 2011. Britain will effectively go bust if the Government does not offset the impact of an ageing population with increased taxes and

The Covid-19 pandemic and protests against racial injustice drove spikes in donations via corporate … [+] virtual giving programs. getty More people are donating to charity via new workplace online giving platforms than ever, and they’re donating more than ever. It seems they’ve been spurred on in part by the issues of 2020—the Covid-19 pandemic

getty The Internal Revenue Service (IRS) has released the very-probably-unless-Congress-does-something-soon final version of Form 1040, U.S. Individual Income Tax Return for 2020 (downloads as a PDF). There are several notable changes to the form proposed for the tax year 2020 – the tax return that you’ll file in 2021. Page One Form 1040 (2020) IRS/KPE Identifying information.

TOPSHOT – EDITORS NOTE: Graphic content / Bodies wrapped in plastic line the walls inside a … [+] refrigerated trailer used as a mobile morgue by the El Paso County Medical Examiner’s office in El Paso, Texas on November 13, 2020. – Due to a recent spike in coronavirus deaths, El Paso County officials have