Live Breaking News & Updates on Tax issues

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5 Simple Steps to Fix Rejected Tax Returns

You spent days, perhaps even months, wrestling with receipts, forms, and numbers to prepare your tax return. After countless hours of hard work, you finally completed it. You breathed a sigh of relief as you hit the file button.But, just when you thought it was over, unexpected news arrived. The

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Top 10 Legal Issues in the Cannabis Industry in 2024 | ArentFox Schiff

In an industry known for its fast-paced changes, 2024 will be no different for cannabis. For all those with an eye on the industry, the number one question remains, is this the year for...

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11 Tips for Dealing With Back Taxes

What happens if you don't file your taxes? The simple answer is that you will incur back taxes -- and eventually, you'll need to deal with them. Otherwise, unfiled tax returns and unpaid taxes can add...

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7 Smart Tax-Saving Strategies for High-Income Earners

Coffee cup, spiral notebook, calculator, and pen on white background, with handwritten Save Money And Reduce Taxes- taken in natural light with strong shadow to create realistic indoor moodEarning a high income has advantages, but it can also put you in a higher tax bracket. This means the government takes

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Innovative Philanthropy: Beyond Traditional Grantmaking

The limitations of traditional grantmaking are becoming increasingly clear.

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Ignorance: A Flimsy Excuse for Not Filing FBARS

Here’s one of the most frequent questions people ask me about  Foreign Bank Account Reports (FBARs).‘‘I recently learned about the need to file an FBAR for overseas accounts with over $10,000. I am eligible but I haven’t filed because I was unaware of this requirement. Can ignorance be a valid

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Unemployed? 5 Things You Need To Know Before Cashing Out 401(K) Early

Here’s one of the most frequently asked questions I receive about 401(K) withdrawal.”I recently lost my job, and unfortunately, I don’t have an emergency fund or other financial resources to cover my daily expenses. Can I take money out of my 401(k) without facing early withdrawal penalties?”The question is important

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Innovative Philanthropy: Beyond Traditional Grantmaking

As societal challenges grow more complex, the need for innovative and impactful strategies in philanthropy has never been more pressing.

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IRS Form 944: How to File When Your Business Owes Less

When it comes to running a business, staying on top of your tax responsibilities is crucial. If you’re a small-scale employer, chances are you might be familiar with IRS Form 944, also known as the Employer’s Annual Federal Tax Return. In this guide, we’ll walk you through the essentials of

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America Reports

so the recent active suggests the justice department may be interested in this. >> john: and the fallout from capitol hill yesterday. here's what was written. hunter biden brought a strange political scene to the house oversight committee. in the end, hunter's stunt eliminated republican reservations about holding him in contempt. that was going to happen anyways. what is the upshot for joe biden is? >> the justice department has discretion whether to bring charges. the justice department could choose not to prosecute the hunter biden, the person in charge of making that decision, u.s. attorney matthew graves has chosen not to prosecute hunter biden on the tax issues. we earned that from the irs whistle-blower. maybe there's not an appetite. this same u.s. attorney did prosecute other trump administration officials including steve bannon for contempt of congress. you may have more accusations of

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