Tax Law
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Tax Law
The IRS Is Looking Into Using Facial Recognition Technology To Identify Taxpayers And Improve Service
Could this be a less intrusive way to verify identity while allowing the IRS to provide fast service to taxpayers? -
Technology
The Problems With Trying To Apply Real-World Laws In The Virtual Metaverse
Let’s take a deeper dive. -
Government
Trump Confesses To False Financials But Says No One Should Trust Him Anyway
No doubt the Attorney General is very impressed. -
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Marijuana
Illegal Cannabis Market Continues To Thrive Because Of High Taxes On Legal Weed
The higher cost of legal weed is so significant that most users are continuing to buy from illegal sources. -
Marijuana
Cannabis Taxpayers, The IRS Is Here To Help (Seriously!)
By leading these outreach efforts with its cannabis tax guidelines, the IRS conveys a desire to reduce tax uncertainties that have plagued the industry. -
Tax Law
The Form 1099's Minimum $600 Reporting Requirement Is Almost 70 Years Old Without Adjusting For Inflation
Back in 1954, $600 had a lot of purchasing power. Now, not so much. Should the reporting requirement be increased? -
Tax Law
Controversial Tax Credit Provisions Could Delay The Long-Term Adaptation Of Electric Vehicles
If the government is serious about switching away from internal combusting engines in the long term, it should provide incentives to get more people into EVs, rather than trying to meet some ambiguous goal of economic fairness. -
Tax Law
It's Easy To Set Up A Plan That Provides Employees With Tax-Free Income For Student Loan Repayments
Right now, student loan repayment perks are the new hotness when it comes to employee hiring. -
Courts, Tax Law
The IRS Is Sued For Seizing And Depositing Collectible Coins Featuring Dead Presidents
An example of when someone can sue the IRS and potentially win. -
Government
Local DA Faces 11-Count Federal Indictment And You'll Absolutely Believe What City We're Talking About
He got *elected* after he was indicted. -
Tax Law
Suing IRS Tax Collectors Can Make Your Tax Debt Situation Worse
Sue the IRS. What could possibly go wrong? -
Government
Happy 20th To The War On Privacy!
You ever tell an 'I know an FBI agent is watching me' joke and hear a laugh out of nowhere? -
Tax Law
Yes, The IRS Demands That You Pay Taxes On Your 'Squid Game' Prize Money
A $39 million prize will result in a hefty tax bill and the government will be as eager as a loan shark to collect it. -
Small Law Firms, Tax Law
Will Reporting Lower Taxable Income Increase My Chances Of A Tax Audit?
Reporting lower income in your 2020 tax returns probably won’t increase the chances of an audit, but you should still take some steps to avoid raising red flags. -
Government
That’s Not How Contracts Work
Trump sues his niece with some... interesting legal theories. -
Tax Law
Should The Government Require Couples To Obtain Background Checks Before Getting Married?
A lot of us have financial skeletons in the closet. -
Tax Law
The Government Proposes To Obtain Everyone's Bank Transactions To Make Sure The Wealthy Aren't Hiding Income
So will this proposal work? It’s possible. -
Morning Docket
Morning Docket: 09.09.21
* The first rule of Tax Law: If you’re rich, you don’t pay them. [CBS News]
* Biden prepares to sue Texas over SB8. What’s Sleepy SCOTUS™ gonna do next? [Wall Street Journal]
* United Airlines blesses religious exemption to COVID vaccine, but will put you on unpaid leave. Talk about living on a prayer. [CNBC]
* Prepare for “Do you know how fast you were going? Add me on Facebook.” at your next traffic stop, LA. [The Guardian]
* Prosecutor opts out of charging felonies that stem from minor traffic stops. Rest in Peace, Mr. Castile. [Yahoo]
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Tax Law
How Law Firm Owners Can Legally Get Around The $10,000 State And Local Tax Deduction Limitation
Law firms should check their state tax laws and consult with their tax professionals to see if the IRS’s Notice 2020-75 allows them a workaround for the unpopular state and local tax deduction limitation.