Taxes

The United States does not have a carbon border tax. But legislation recently introduced by a bipartisan group of senators could very well put the country on track to implement one. If the United States were to implement a carbon border tax, it would need to know which kinds of industrial goods release the highest

Scott Peterson of Avalara discusses the South Dakota v. Wayfair decision, including how companies and states are faring five years later and what could be next with sales tax nexus. 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

The heirs of an estate can be liable to pay the estate or income taxes (and perhaps other obligations) of the estate. A recent court case involved the estate of the founder of Gulfstream, the aircraft manufacturer. The founder, Allen Paulson, died in 2000 with an estate valued at about $200 million that primarily was

Despite U.S. lawmakers’ eagerness to pass final judgment on the 2017 Tax Cuts and Jobs Act’s signature anti-base-eroding measures, it will be some time before the law’s legacy becomes clear. The Senate Finance Committee’s May 11 hearing, which the majority had planned to devote to the aggressive tax planning practices of U.S.-based pharmaceutical manufacturers, produced

Share to Facebook Share to Twitter Share to Linkedin After months of speculation, Hunter Biden, the son of President Joe Biden, has been charged with tax and gun charges. According to court documents, he is expected to plead guilty to to two misdemeanor tax charges as part of a plea deal. In a letter filed

The greatest soccer player in the world made a smart move choosing Florida, a state with no income tax. But his first goal is to clear U.S. immigration with a Spanish tax fraud conviction on his resume. On June 24, Philadelphia Union will take on Inter Miami at Subaru Park. Normally, a match-up between the

There have been many schemes to avoid paying taxes. The IRS has, for years, included these schemes and the related frivolous arguments as part of its Dirty Dozen list, reminding taxpayers “that time and again, these arguments have been thrown out of court.” The U.S. Tax Court recently heard yet another case focusing on such

As originally enacted, many Tax Cuts and Jobs Act provisions were set to expire, phase out, or otherwise change between 2017 and 2027 in ways that mostly increase taxes. The Coronavirus Aid, Relief, and Economic Security Act mitigated some of these changes, while the American Rescue Plan Act and the Inflation Reduction Act (IRA) generally

Last month, the IRS got folks talking when it announced it was launching a pilot program for a free direct online tax-filing service. The announcement was part of a report to Congress offered in response to a mandate in the Inflation Reduction Act of 2022. IRS E-File System According to the report, the IRS has

Suppose that you sue (or threaten to sue) your landlord and are about to collect a settlement. But someone mentions taxes, so you want to confirm, you won’t pay taxes on this, right? Wrong. In fact, if you use a contingent fee lawyer like most tenants do, you might end up paying taxes not only