Taxes

Share to Facebook Share to Twitter Share to Linkedin Dividend stocks are securities that include a regular distribution of the issuing company’s earnings. They operate like ordinary stocks and represent a share of ownership in a company. The stock price may move up or down. As long as the shareholder owns a stock, they receive

Tax Notes contributing editor Ryan Finley discusses the latest updates in recent transfer pricing cases Eaton and Medtronic II. This transcript has been edited for length and clarity. David D. Stewart: Welcome to the podcast. I’m David Stewart, editor in chief of Tax Notes Today International. This week: trials and tabulations. Periodically, we like to

Monday morning, the internet was abuzz with news that the British pound had fallen to historically low levels against the U.S. dollar. The pound sterling lost nearly 5 percent of its value in early trading, coming close to parity with the dollar, before ultimately stabilizing. Economists and other commentators around the internet saw this as

Share to Facebook Share to Twitter Share to Linkedin In recent years Britain has made ghastly mistakes on energy and the economy; consequently, it has the worst-performing economy among major nations. The Biden Administration seems hell-bent on following this disastrous model. However, this episode of What’s Ahead lays out the good news: The Sceptred Isle’s

Share to Facebook Share to Twitter Share to Linkedin For decades, the International Monetary Fund has been the scourge of countries that get into economic trouble, yet its authority has never been seriously challenged. Today, this is especially dangerous. The deadly combination of inflation and food shortages is putting numerous nations on the brink of

After President Biden announced that the federal government would forgive the student loans of millions of Americans, either in whole or in part, borrowers rejoiced. Yet the celebrations may have begun too soon. All told, the estimated amount of debt eligible for forgiveness totals between $300 billion and $519 billion, depending on whom one asks.

Dire warnings about commercial real estate appear almost daily these days. While office markets are stressed due to increased working from home, some real estate professionals see an increasingly bifurcated market, divided “into haves and have-nots.” Investors, renters, and cities—especially those with older, declining buildings— will need to pay close attention in the coming months

An IRS Form W-9 verifies your taxpayer ID number, typically your Social Security Number, or for a company, your employer identification number. Before paying you, many companies will ask for this form so they can issue you an IRS Form 1099. If you want to be paid, refusing to hand over a Form W-9 can

The economics profession continues to struggle with gender inequality, with data showing “the gender gap in economics is the largest of any academic discipline.” So what can we learn from a new biography of a remarkable pioneering woman economist—Janet Yellen? In Empathy Economics, Owen Ullmann shows us a highly competent economist, but also someone with

The National Republican Senatorial Committee blasts on its website ICYMI // How Raphael Warnock Dodges Income Taxes. It’s strong criticism of a practice Republican lawmakers defended as recently as 2018. When the 7th Circuit was considering the constitutionality of the income tax exclusion for cash housing allowances for clergy, 17 members of Congress — all

New York Attorney General Letitia James’ complaint against former President Donald Trump, Donald Trump Jr., Eric Trump, Ivanka Trump, Allen Wesselberg, Jeffrey McConney and ten entities including the Trump Organization is not mainly focused on taxes. It is mostly about Trump gaining advantages such as favorable loan terms and insurance provisions by purportedly misrepresenting his

The optimistically named Inflation Reduction Act pumps up to $80 billion into the IRS. The funds are for increased enforcement, operational improvements, customer service, and systems modernization. That money is more than six times the current annual IRS budget of $12.6 billion. A whopping $45.6 billion is for enforcement so that the IRS can get

Tax Notes contributing editor Robert Goulder breaks down the new excise tax on corporate stock buybacks in the Inflation Reduction Act, all in five minutes. This transcript has been edited for length and clarity. President Joe Biden recently signed the Inflation Reduction Act (P.L. 117-169). It contains various healthcare and clean energy provisions, but this

Are downtown central business districts finally coming back after Covid-19? Although there are some signs of recovery, many cities are still struggling. The long-term future of downtowns is tied to how much working from home becomes permanent, and that’s still in flux. But a full return to pre-pandemic occupancy levels is very doubtful. The picture

The IRS is giving tax filing and payment reprieves to victims of Hurricane Fiona in Puerto Rico. In fact, Hurricane Fiona victims in all 78 Puerto Rican municipalities now have until Feb. 15, 2023, to file various federal individual and business tax returns and make tax payments, the Internal Revenue Service announced today. The IRS

Today’s Social Security column addresses questions about how early retirement benefits can affect later spousal benefits, collecting while earning income and taking survivor’s benefits after spousal benefits. 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

Lauren Collins of Vinson & Elkins LLP provides an overview of the new tax credits designed to reduce greenhouse gas emissions in the Inflation Reduction Act. This transcript has been edited for length and clarity. David D. Stewart: Welcome to the podcast. I’m David Stewart, editor in chief of Tax Notes Today International. This week:

Share to Facebook Share to Twitter Share to Linkedin The dollar is rising against other currencies to levels not seen in decades, hurting other countries and the U.S. This episode of What’s Ahead lays out why the greenback is rocketing and why that’s a symptom of bad economic and monetary policies. The Federal Reserve, for

Evelyn Pless and I retired from our boutique accounting practice at the end of 2018 and took up RV travel. Really. I was most pleased by the comment of one of Evie’s sons-in-law who said that he was proud of us — we were the first people he knew to actually do what they said

No one wants trouble from the IRS of any sort, and especially not trouble that ends up becoming a criminal tax case. Sometimes IRS criminal tax cases start off that way, with an investigation. But sometimes, criminal tax cases come out of regular old civil IRS audits. If that sounds frightening, it is. Sometimes even