Taxes

Professor Clint Wallace of the University of South Carolina School of Law discusses his argument for using tax policy to reinforce democracy. This transcript has been edited for length and clarity. David D. Stewart: Welcome to the podcast. I’m David Stewart, editor in chief of Tax Notes Today International. This week: tax and democracy. An

A federal jury in Detroit has found Ryan Richmond of Bloomfield, Michigan, guilty on charges including evading federal income taxes and obstructing the IRS. According to the original indictment, Richmond owned and operated Relief Choices LLC, a medical marijuana dispensary in Warren, Michigan. Warren is a short drive north from Detroit. Legality Of Cannabis Under

The Covid pandemic-induced growth in working from home (WFH) continues rippling through the economy, highlighting tensions for both employees and employers. If you work from home at least part of time, you’re part of a major shift in the professional labor market, but don’t get too comfortable—things will keep changing. Last week, Meta started requiring

Do you pay tax on your crypto gains? The IRS wants you to. Do you claim tax losses for your crypto losses? The IRS probably cares a less about that, but you are entitled to claim your tax losses too, which can lessen the tax bite on your gains. It is hard to believe that

As the mass proliferation of digital services taxes becomes increasingly certain, the United States may be wise to reassess its categorical opposition to them and rededicate its resources to developing multilateral DST standards. DSTs are still relatively novel tax policy instruments that have yet to win consensus acceptance and, therefore, are not subject to the

My family and I had big plans to go to Phoenixville, Pa., today to watch “My Big Fat Greek Wedding 3,” but with Pennsylvania State Police continuing to build a presence in our area, we opted to stay put. Law enforcement has steadily increased in Chester County as the manhunt continues for escaped killer Danelo

When I saw the Ninth Circuit decision in the case of James Tarpey, something about it was familiar. It turns out that the opinion by Judge McKeown upholding a penalty of over $8 million dollars was the finale of a story I picked up on October 1, 2016 with Lawyer Subject To Injunction Defends Timeshare

Not a week goes by that I don’t get a question about Social Security and taxes. Most often, taxpayers wonder how they can qualify for benefits. Here’s what you need to know about how you can qualify for Social Security retirement benefits, and how to check to see that your work and tax history has

IRS Commissioner Danny Werfel gave us a glimpse of what was coming last month when he suggested that taxpayers would see more changes at the agency. This week, he offered more details, announcing a series of initiatives as part of what is being called “a sweeping, historic effort to restore fairness in tax compliance.” Those

The IRS announced tax relief for individuals and businesses affected by Idalia, anywhere in South Carolina. These taxpayers now have until Feb. 15, 2024, to file various federal individual and business tax returns and make tax payments. This is similar to relief already being provided in most of Florida. The relief applies to any area