Taxes

Tax Notes contributing editor Nana Ama Sarfo discusses how lawmakers across the globe are looking to taxes to address problems with fast fashion. 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: Taxes never go

The Financial Crimes Enforcement Network—more commonly known as FinCEN—in close coordination with the Internal Revenue Service Criminal Investigation—sometimes referred to as CI or IRS-CI—issued an alert to financial institutions on fraud schemes related to the COVID-19 Employee Retention Credit (ERC). The alert provides an overview of some indicators associated with ERC fraud and scams, highlights

It’s been just one year since generative AI (GenAI) mania hijacked the news cycle and set in motion a tidal wave of new tech innovation and rampant speculation about our work lives changing forever. It was November 30, 2022, when the AI research and development firm OpenAI released the demo version of its ChatGPT software,

For some time, tax professionals have watched keenly as the case of Aroeste v. United States worked its way through a federal district court in California. In Aroeste, the taxpayer raised a novel argument that certain tax treaty provisions in the United States-Mexico tax treaty should govern whether the taxpayer had a United States FBAR

It didn’t take long after the IRS announced an additional delay in enforcing the new $600 reporting threshold for Forms 1099-K (more here) to garner reactions across the country. National Taxpayer Advocate Erin Collins issued the following statement: The IRS’s decision to delay implementation of the new Form 1099-K reporting requirements is good news for

Share to Facebook Share to Twitter Share to Linkedin ’Tis the season—benefits season, that is. The few weeks from mid-November to mid-December tend to mark benefits season for the federal government and many companies. During that time, you can typically enroll in a new plan, change your existing plan, add or drop beneficiaries, and adjust

The tax evasion trial for Shakira was set to begin in Barcelona but took a turn when it was announced that she had reached to settle the years-long legal dispute. She had initially faced an eight-year prison sentence and a fine of 24 million euros related to accusations that she had evaded taxes in the

In the past two presidential elections, working-class voters have proven to be a decisive swing vote in the pivotal states that determine the winner. A new comprehensive survey of working-class voters from the Progressive Policy Institute reveals how and why these voters, who once formed the backbone of the Democratic Party, have become estranged from

The House and Senate passed a bill to keep the federal government funded through early next year. This avoids a shut down and all the costs that entails. But it also leans on a set of “continuing resolutions”, which essentially tell government agencies to do what they have been. Bypassing the regular budget process this

The IRS has issued a reminder to those who may be entitled to the Recovery Rebate Credit to file a tax return and claim their money before the deadline. I know what you’re thinking: wasn’t that a long (long) time ago? Yes. Background In March 2020, the Coronavirus Aid, Relief, and Economic Security Act—or CARES