Taxes

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Latest Taxes News

Defense Contractor Charged With Evading Tax On $350 Million In Personal Income

Former U.S. defense contractor Douglas Edelman, 72, and his French wife, Delphine Le Dain, 58, have been charged in a…

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4 Tax Benefits of Using an LLC for Your Rental Property

Forming a limited liability company (LLC) can offer significant tax advantages for real estate investors, including pass-through taxation and a…

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U.S. Tax – Think Carefully Before You Get (Or Keep) A Green Card

Hoping to win the U.S. green card lottery? As the adage goes, buyer beware. Many individuals either rush to obtain…

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Another Economic Train Wreck Is Coming In California

California calls itself the Golden State, but its governance is pure lead. Never has an area with so much going…

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IRS Can Audit 3 Or 6 Years Back Or Sometimes Forever; States Can, Too

If you face a tax audit and can legitimately point to the statute of limitations to head off trouble and…

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Mandatory Repatriation Tax Stands—But There’s More To Come

In the recently-issued opinion in Moore v. United States, the court ruled 7-2 that the Tax Cuts and Jobs Act…

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IRS Will Deny Billions Of Dollars Of ‘Clearly Improper’ Employee Retention Credit Claims

After a detailed review, the IRS says it plans to deny tens of thousands of improper high-risk Employee Retention Credit…

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Taxing Big Tech And The Universal Service Fund

In recent comments to the Federal Communications Commission, USTelecom, which is a trade organization representing many major American telecommunication companies…

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How To Donate 80,000 Comic Books—And Get A Marvelous Tax Break

Seven decades after he became addicted to Superman, Gary Prebula’s collection of graphic novels and comics has a permanent home…

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The Art Of Donating What You Love And Getting A Tax Deduction

This is a published version of our weekly Forbes Tax Breaks newsletter. You can sign-up to get Tax Breaks in…

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