Taxes

In the second of a two-episode series, Orly Mazur of SMU Dedman School of Law discusses her views on the tax implications of increasing automation and the alternatives to a robot tax. This transcript has been edited for length and clarity. David D. Stewart: Welcome to the podcast. I’m David Stewart, editor in chief of

As we digest the results of the midterm elections, some analysts are hoping President Biden’s powerful new economic programs can help heal our deep regional economic divisions. But without attention to worker and political power through unionization, those programs may help red states more than blue ones while not creating lasting prosperity and good jobs.

The comparable profits method is still often cast as uniquely conceptually flawed among transfer pricing methods and only suitable for use as a last resort, but this characterization often draws heavily on far-fetched statutory interpretations. Despite the IRS’s victory in securing judicial acceptance of the CPM in Coca-Cola Co. v. Commissioner, 155 T.C. 145 (2020),

Resolving lawsuits involves taxes. Defendants write off most settlements, and plaintiffs hope to minimize any taxes they face. Plaintiffs also hope to minimize the tax impact of their attorney fees, something that isn’t always easy. Depending on the type of case and whether legal fees are paid over time or on contingency at settlement, even

The United States Tax Court held IRS Notice 2017-10 is invalid in a November 9, 2022 decision in Green Valley Investors, LLC, et al., Bobby Branch, Tax Matters Partner v. Commissioner of Internal Revenue, 159 T.C. No. 5. In Green Valley Investors, the Tax Court held that the IRS violated the Administrative Procedure Act’s requirements

The winning Powerball ticket was sold at Joe’s Service Center in Altadena, California, entitling the ticket holder to a massive $2.04 billion jackpot. The winning numbers were 10, 33, 41, 47 and 56, with a Powerball of 10. Winning the massive $2.04 billion Powerball jackpot would be life-changing, but many people wonder just how much

Many employers now offer Roth versions of their 401(k) plans. Though many people believe Roth IRAs and Roth 401(k)s (known formally as designated Roth 401(k) plans) are identical, there are important differences between the two types of retirement plans. What is a 401(k)? A 401(k) plan is offered by an employer to its employees. An

Today’s Social Security column addresses questions about how spousal benefit rates are calculated, when spousal benefits can become available and when to inform SSA of monthly earnings. Larry Kotlikoff is a Professor of Economics at Boston University and the founder and president of Economic Security Planning, Inc. See more Ask Larry answers here. Have Social

The IRS Whistleblower Program has seen the mountain top before – with tax dollars collected in 2018 of $1.4 billion and $312 million dollars in awards made. Unfortunately, the whistleblower program now has seen the valley – with the most recent annual report showing collections dropping dramatically to only $245 million and whistleblower award payments

In the first of a two-episode series, professor Ryan Abbott of the University of Surrey discusses his views on the tax implications of increasing automation and the need for a robot tax. This transcript has been edited for length and clarity. David D. Stewart: Welcome to the podcast. I’m David Stewart, editor in chief of

President Biden has declared war on oil companies, accusing them of “war profiteering” and threatening them with new taxes on “excess” profits. “The American people are going to judge who’s standing with them and who is only looking out for their own bottom line,” Biden warned. “I know where I stand.” Profiteering is not a

Fall is a time of leaves changing colors, children going back to school, families enjoying Thanksgiving dinners, and… open enrollment. Yes, it’s the opportunity for most employees to select which benefits they will choose for the following year. Here are some of the most common mistakes we see people make: Not fully understanding the value

Leonard Lane Grigsby, reputed Louisiana Republican kingmaker, will have to repay a $576,756 refund that alliantgroup, currently under investigation, consulted on. Judge Brian Jackson of the US District Court for the Middle District of Louisiana issued the opinion requiring the repayment of the 2013 refund last month, It was a summary judgement. Grigsby is usually

The midterm elections wind up on Tuesday, and several themes are front and center. Democrats are being criticized on the economy and for not sticking to a clear message. But they should be emphasizing Biden’s strong economic record, not running away from it. As the election looms, some Democrats say the party has been running

The IRS recently released a private letter ruling (PLR 202244004 (August 9, 2022)) that grants additional time to a taxpayer that failed to timely elect to defer the gain from a rollover of qualified small business stock (QSBS). The IRS’s decision to grant late-filing relief in this context is not that surprising or ground-breaking, but

The Supreme Court has some weighty cases to consider, but most Americans may not take notice of what seems like obscure IRS penalty provisions. The tax community has been watching IRS penalties for years — particularly how foreign bank account penalties are calculated. The Supreme Court on November 2 heard oral arguments in Bittner v.

Robert Goulder of Tax Notes and professor David Kamin of the New York University School of Law discuss the purpose and political importance of book minimum taxes, particularly the global anti-base-erosion agreement. This transcript has been edited for length and clarity. Robert Goulder: Hello and welcome to the latest edition of In the Pages. I’m

Share to Facebook Share to Twitter Share to Linkedin Dividend income is taxable, but the tax rate is determined by a handful of factors. The most important factor is whether the dividend is qualified or ordinary (or non-qualified), as qualified dividends are taxed at the long-term capital gains rate, instead of rate on regular income.

Share to Facebook Share to Twitter Share to Linkedin Upsets are always possible in this era of constant uncertainty, but it looks like the GOP will take control of both the Senate and the House of Representatives next term. This episode of What’s Ahead discusses why Republicans must start with a bill that sweeps away

The international community has been kicking around the OECD’s two-pillar solution to tax reform for a while now. It was more than two years ago, in October 2020, when the group released so-called blueprints detailing what each pillar would look like and how they would deliver much-needed stability to the global tax environment. A year