In some circles, the return balance due is viewed as the sticker price on cars used to be—open to negotiation.
Category Archives: Editors’ Pick
New Buyback Excise Tax Snares Foreign Investors
Congress’s new 1 percent stock buyback excise tax on US publicly traded corporations will strip tax benefits from foreign investors.
Amid Trump Passport Flap, Here’s How To Keep IRS From Taking Yours
Criminal defendants commonly have to surrender their passports as part of bail or other types of agreements, but Americans who owe the IRS more than $55,000 in back taxes can also have passport problems.
Jump-Starting Clean Vehicles With The New Tax Credit
Marie Sapirie examines the revamped clean vehicle credit in the Inflation Reduction Act, arguing that the new requirements will make the credit harder to qualify for in the short term, but that they’ve been tightened to encourage technological development of electric vehicles.
Will The Inflation Reduction Act Increase IRS Tax Audits?
The burning question on everyone’s mind is whether the $80 billion of increased funding for the IRS will meaningfully increase IRS audit rates.
The Inflation Reduction Act Won’t Affect Most Americans’ Tax Bill
The Tax Policy Center analyzed the big climate, health, and tax bill three different ways. The bill is quite progressive every time.
Inflation Reduction Act Will Restore IRS Staffing To 1995 Level By 2026
Nobody seems to question that the “service” piece of IRS has plummeted. And most people would like to see that fixed. It does not bother many people that audit coverage is way down, but in the long run, which we may already be at, it has a demoralizing effect on compliance.