Money

Taxes

A recent Treasury Inspector General report on ERC claims underscores the need for IRS to prioritize taxpayer services and processing with the new funding Congress has provided.

Caroline Rule of Kostelanetz & Fink LLP discusses the post-Roe tax complications for employers covering abortion-related interstate travel expenses.

Biden's student loan forgiveness initiative will become active in a matter of weeks. In the meantime, here’s what student loan borrowers can do to get ready.

Audits are coming, and you need to look over your shoulder for at least three years. It is doubled to six if you omit more than 25% of your income. But other rules give the IRS an unlimited number of years to come after you. But careful planning and tax returns can limit your exposure.

Uncertainty in the EB-5 investment immigration program is ending after months of litigation, expiring statutes, and other unknowns.

Joseph J. Thorndike examines how Franklin D. Roosevelt relied on moralistic rhetoric on fairness and fiscal citizenship that reshaped American taxation for decades to come.

Today's Social Security column addresses questions about how timing of the record holder's retirement benefit can affect their spouse's benefit drawn on their record, survivor benefits and the earnings test and informing SSA of a divorce.

One of the considerations when innovating and developing new products is the question of the VAT status of the new activities and specifically whether or not the contemplated supplies fall under the exemption for medical care. Having to account for VAT has a significant impact on margins.

The insolvency exclusion is Section 108(a)(1)(B) of the Internal Revenue Code. It provides that gross income does not include discharge income if - "the discharge occurs when the taxpayer is insolvent".

The number of states that might tax forgiveness has shrunk, and those at risk may well be able to avoid tax based on insolvency anyway.