Money

Taxes

Tax Notes State commentary editor Doug Sheppard highlights the legacy of Maureen Pechacek as both a trailblazer for women in state and local tax and as an innovator throughout her tenures at Arthur Andersen LLP, PwC, and elsewhere.

Whether the Democrats can get changes through the House and Senate is uncertain, but the effects of the proposed tax increases, and the elimination of the step-up in basis will be significant.

Retired IRS economist Kim Bloomquist discusses his findings of geographic — and perhaps race and class — bias in the tax agency’s selection of audits.

The ballooning Federal deficit has forced the U.S. to borrow enormous amounts of money to plug the hole. So far the Treasury had no problem finding the buyers it needs, but the deluge of debt is not without dangers.

The 1246 page agreement contains specific rules of origin that must be fulfilled to achieve the headline benefits.

Today's column addresses questions about potential effects of filing for early retirement benefits on a spouse's benefit, when reductions for filing early can and cannot be lifted and retirement benefit estimates on SSA's website.

Legal malpractice claims arise out of accident and medical malpractice cases, wills and trusts, divorce, litigation, tax advice, real estate deals, and many other types of legal matters. Is it taxable? As ordinary income, capital gain, basis recovery, or some combination?

Many tax numbers are adjusted for inflation at the start of the year. It can be hard to spot the ones that matter to you. Here are three tax figures for 2021 that all employees should be aware of.

Today's column addresses questions about whether to take a survivor's benefit before a retirement benefit delayed until 70, how Canadian pensions can affect US Social Security benefits and how Social Security verifies marriages.

At the end of the 2019 Fiscal Year there 74,369 people working for the IRS. That compares to 94,711 in 2010. In 1995 there were 113,643. That is why liens and levies are down and waiting out the ten year statute is now a viable strategy.