Tax Law
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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. - Sponsored
Why Do AI And Legal Professionals Make The Perfect Partnership?
For many legal departments, generative AI is the technology they’ve been waiting for. -
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.
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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. -
Tax Law
Suing IRS Tax Collectors Can Make Your Tax Debt Situation Worse
Sue the IRS. What could possibly go wrong? -
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. -
Tax Law
Should The Government Require Couples To Obtain Background Checks Before Getting Married?
A lot of us have financial skeletons in the closet. - Sponsored
AI’s Impact On Law Firms Of Every Size
How solo lawyers, midsize firms, and global large law firms have an opportunity to adjust the way they work. -
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. -
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. -
Tax Law
Taxing Video Game Virtual Currency Transactions: Issue Business Licenses To Those In It For The Money
Where can the line between play and profit be drawn? -
Tax Law
The IRS Should Get The Funding They Need So Long As They Treat Taxpayers Fairly
Most agree that increasing funding to the IRS could reduce the tax gap that will help fund the infrastructure spending bill. -
Tax Law
Making The Case For Donald Trump's Indictment In The Court Of Public Opinion
Hmmmm, what *does* the former president know about tax law?
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Diving Into Generative AI: A Practical Guide For Law Firms Starting From Scratch
NetDocuments’ Michelle Spencer on where to start, what to ask, and considerations for implementing generative AI tools in your organization.
Sponsored
AI’s Impact On Law Firms Of Every Size
How solo lawyers, midsize firms, and global large law firms have an opportunity to adjust the way they work.
Sponsored
Gain An Instant Understanding Of New Complaints With LexisNexis Snapshot
AI-powered complaint summaries to help you spot new lawsuits, new challenges, and new business.
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Law Firms Now Have A Choice In Their Document Comparison Software
Six months on since its launch, over 200 firms worldwide are now using Draftable Legal for accurate and reliable document comparison, including UK Top 50…
Sponsored
Why Do AI And Legal Professionals Make The Perfect Partnership?
For many legal departments, generative AI is the technology they’ve been waiting for.
-
Tax Law
The Criminal Case Against The Trump Organization And Its CFO Is Not As Easy As It Seems
Even if the transactions involved here resulted in income to Weisselberg, do they warrant jail time? -
Tax Law
An Investigative Article On How The Ultra-Wealthy Avoid Taxes Shows No Secret Documents And Only Tells What Most Of Us Already Know
The article also complains that executives pay themselves a low salary as a tax-dodging tactic. -
Sponsored Content, Tax Law
Pandemic Relief Programs Keep Tax Practitioners Busy
The varied tax issues generated by federal programs. -
Tax Law
Tax Court Substantially Reduces Michael Jackson's Tax Bill Because The IRS Inflated The Value Of His Assets
The estate’s return claimed the value of Jackson’s image and likeness at $2,105. -
Sponsored Content, Tax Law
Safe Harbors And Warring States: The Tax Troubles Of Remote Work
One thing seems sure: The taxation waters will be muddy for some time. -
Tax Law
The Extravagant Gifts In The Academy Awards Swag Bags Can Result In A Tax Bill
I'd like to thank my manager. And my agent. And my mom. And I'd like to thank the Academy for triggering an audit of my taxes that will haunt me for the rest of time. -
Tax Law
Americans And Swiss Banks
The effect of the Swiss FATCA is that one of the biggest benefits of having a Swiss bank account, secrecy, is no longer available to Americans.