Taxes
Latest Taxes News
Bitcoin Billionaire Saylor Will Settle D.C. Tax Suit For $40 Million
The Attorney General for the District of Columbia, Brian L. Schwalb, has announced a settlement with billionaire Michael Saylor and…
Supreme Court Backs IRS In Corporate Redemption Estate Tax Case
Closely held corporations often enter into agreements to redeem a shareholder's stock after death to ensure the continuity of the…
IRA Heirs Can Delay RMDs Another Year, But Should They?
The IRS recently announced that in 2024, for the fourth consecutive year, IRA beneficiaries don’t have to take the annual…
Tax Court Denies Roughly $40 Million IRS Innocent Spouse Relief Claim
Married taxpayers can file their taxes together or separately. Because it is often more tax-advantageous and convenient to file together,…
Tax Double-Header: Ohtani And His Former Translator
Tax Notes senior legal reporter Nathan Richman discusses the tax implications of the recent financial controversies surrounding Los Angeles Dodgers…
How Capital Gains Tax on Home Sales Works
If you sell your home for a profit, the IRS considers this a taxable capital gain. This rule applies to…
5 Things You Should Know Now About IRS Form 3520-A
U.S. persons with interests in foreign trusts often have complicated international reporting obligations. Aside from an IRS Form 3520, these…
What Are the Tax Consequences of Inheriting a CD?
If you inherit or plan to bequeath a certificate of deposit (CD) as part of your estate, there may be…
Why You Might Want To Choose A Used EV Tax Credit Over A New One
Since 2023, qualified used electric vehicles have been eligible for a federal tax credit for up to 30% of the…
Don’t Wait Until The Tax Cuts And Jobs Act Expires To Do Your Estate Planning
Working with estate planning attorneys can involve a lot of emails projecting doom and gloom about changes in tax laws.…
