Taxes

The United States Tax Court held IRS Notice 2017-10 is invalid in a November 9, 2022 decision in Green Valley Investors, LLC, et al., Bobby Branch, Tax Matters Partner v. Commissioner of Internal Revenue, 159 T.C. No. 5. In Green Valley Investors, the Tax Court held that the IRS violated the Administrative Procedure Act’s requirements
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In the first of a two-episode series, professor Ryan Abbott of the University of Surrey discusses his views on the tax implications of increasing automation and the need for a robot tax. This transcript has been edited for length and clarity. David D. Stewart: Welcome to the podcast. I’m David Stewart, editor in chief of
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The IRS Whistleblower Program has seen the mountain top before – with tax dollars collected in 2018 of $1.4 billion and $312 million dollars in awards made. Unfortunately, the whistleblower program now has seen the valley – with the most recent annual report showing collections dropping dramatically to only $245 million and whistleblower award payments
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Fall is a time of leaves changing colors, children going back to school, families enjoying Thanksgiving dinners, and… open enrollment. Yes, it’s the opportunity for most employees to select which benefits they will choose for the following year. Here are some of the most common mistakes we see people make: Not fully understanding the value
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Robert Goulder of Tax Notes and professor David Kamin of the New York University School of Law discuss the purpose and political importance of book minimum taxes, particularly the global anti-base-erosion agreement. This transcript has been edited for length and clarity. Robert Goulder: Hello and welcome to the latest edition of In the Pages. I’m
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Share to Facebook Share to Twitter Share to Linkedin Dividend income is taxable, but the tax rate is determined by a handful of factors. The most important factor is whether the dividend is qualified or ordinary (or non-qualified), as qualified dividends are taxed at the long-term capital gains rate, instead of rate on regular income.
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The international community has been kicking around the OECD’s two-pillar solution to tax reform for a while now. It was more than two years ago, in October 2020, when the group released so-called blueprints detailing what each pillar would look like and how they would deliver much-needed stability to the global tax environment. A year
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Wednesday’s announcement by the Federal Reserve of another ¾ point interest rate increase continues the central bank’s grim war with inflation. Higher rates are doing damage across the economy, which has never stabilized after the COVID-19 shock. But commercial real estate, vital to cities’ economic and fiscal well-being, hasn’t taken a big hit—yet. Ever-higher interest
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The bold, hype-laden pronouncements around AI and machine learning were hard to miss five or six years ago. Headlines about robo-accountants stealing jobs, algorithms that will cure disease and autonomous vehicles were everywhere. Then, reality quickly caught up with the hype, those promises eventually proved overly ambitious and many people lost the plot. Then, a
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