For a tax whistleblower — deciding to go to Tax Court is a big decision. Two recent cases give clarity of what a whistleblower needs to show to ensure her case is heard — and also provided good news on discovery for whistleblowers in Tax Court.
Category Archives: Taxes
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.
Breaking Down The Tax Changes In The Inflation Reduction Act
Kyle Pomerleau of the American Enterprise Institute discusses the key tax provisions of the Inflation Reduction Act and what they mean for the future of tax policy.
Social Security Blows It Yet Again, But Ultimately Redeems Itself
Half of Social Security’s advice is wrong, misleading, or incomplete. Here’s a case where Social Security both under-estimated widows benefit and failed to pay spousal benefits for years. But with my software company’s help, one top staffer made things right.
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.
Settlement In A Low Income Housing Tax Credit Year 15 Appeal
Section 42 gives a little nudge in that direction allowing a NFP sponsor to have a “right of first refusal” (ROFR) to acquire the project for outstanding debt plus any exit taxes of the investor.
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.
Ask Larry: Will Taking Spousal Benefits Affect My Social Security Benefit Rate?
Today’s Social Security column addresses questions about whether spousal benefits can affect later retirement benefits, filing for both retirement and survivor’s benefits and whether Social Security is moving payment days.
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.
Your Tax Advisor’s Guide To The Inflation Reduction Act
The dramatic history of the Inflation Reduction Act is known – now we have to understand and live with the practical results.
The Senate passed the bill with a vote of 51-50, with Vice President Kamala Harris breaking the tie. As of today, the House has not made…