Taxes

Last month, James W. Lewis died in Cambridge, Mass., of natural causes. If that name sounds familiar, it’s because the former tax preparer was a suspect, though never officially charged, in the infamous Tylenol poisoning murder cases. Seven people died from taking cyanide-laced Tylenol capsules in September of 1982. The case captivated the country and

In March 2020, Congress passed the Coronavirus Aid, Relief, and Economic Security (CARES) Act to provide emergency financial assistance during the pandemic. The CARES Act included funding in the form of loans to eligible businesses—intended to be used to help keep the lights on. Unfortunately, these loans also proved to be magnets for fraud. Since

The federal moratorium that began with Covid ends on August 31. Borrowers can save money and avoid confusion by taking some key steps right now. By Janet Novack, Forbes Staff It’s happening. The moratorium on repayments and interest on $1.6 trillion in federal student debt owed by 44 million Americans really is ending this time—on

Ever since “Under the Tuscan Sun,” I’ve imagined channeling my inner Diane Lane and restoring an old Italian farmhouse. I’m guessing that many Americans assume that’s what living abroad is like (thanks, Frances). But for the estimated nine million Americans who live abroad, everyday life is less about busted plumbing and splashing in fountains and

The growing war between the IRS and the commercial tax preparation industry over the agency’s efforts to create a free, in-house tax filing system got me thinking about a more fundamental question: Why should we have to pay a commercial third party to help us perform a civic duty? Do you have to hire somebody

As a kid growing up in suburban Detroit, it was frequently noted that our town “looked down” on Canada . . . literally. It was a bad joke based on a geographical quirk. We lived in the only part of the United States that was due north of Canadian soil. We soon learned that it

In mid-July, hundreds of African business leaders descended upon Nairobi to discuss trade and investment across the African continent at the African Union High Level Private Sector Forum. The African Union brought them together to discuss public-private partnerships, and over the course of their three-day summit, one topic ranked highly: the African Continental Free Trade

Startup companies rely heavily on stock options to recruit, motivate, and retain the best employees and executives. The stock acquired can become very valuable if the company goes public or is acquired. However, options in private companies are tricky, given the lack of liquidity to trade the stock and the other risks. Some of the

The charitable reading of the grant of statutory authority in the clean hydrogen credit under section 45V(f) is that Congress gave Treasury considerable regulatory leeway to tell claimants how to determine the life cycle greenhouse gas emissions that the entire credit hinges on. The less charitable interpretation is that Congress abdicated its responsibility and left

A winning ticket for the $1.58 billion Mega Millions jackpot was sold in Florida. If you are the winner of the $1.58 billion Mega Millions jackpot, how much do you collect? Your first answer might be $1.58 billion. But in fact, you actually would collect that amount—before taxes—only if you agree to take the mega