Taxes

Tony Santiago of TaxSearch Inc. discusses how the tax profession is changing and offers advice on developing future tax leaders. 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: changing of the guard. The tax

The family of the late Kobe Bryant agreed to a $28.5 million settlement with Los Angeles County to resolve remaining claims in their lawsuit over deputies and firefighters sharing grisly photos of the NBA star, his 13-year-old daughter and other victims killed in a 2020 helicopter crash. The figure includes a $13.5 million payment from

Final regs clarify the tax exception in section 897(l) for foreign pension funds that invest in U.S. real property. To qualify for the exception, the foreign pension fund must comply with restrictions on establishment, funding, benefits, and beneficiaries. Published on December 29, 2022, T.D. 9971 contains final regs on gain or loss of a qualified

Today’s Social Security column addresses questions about how soon benefits may be available based on a new spouse’s record, when divorced spousal benefits may be available and taking widow’s benefits while delaying retirement benefits until 70. Larry Kotlikoff is a Professor of Economics at Boston University and the founder and president of Economic Security Planning,

Thanks to gratuity-goosing point of sale terminals, the tip take is on the rise. Now the feds are eyeing that same digital path to collect more of the taxes owed on tip income. The skies in Raleigh, NC were blue on March 1st, with spring-like temperatures of nearly 70 degrees that tempted residents and tourists

Within days after the Supreme Court’s decision in Alston last June, the NCAA issued an “interim policy statement,” suspending rules that had restricted the compensation a student athlete might receive not only directly from her school, but also from third parties, for the commercial use of her “name, image, and likeness” (NIL). While the “interim”

Beyoncé’s announcement of her Renaissance World Tour has triggered an odd tax discussion as you can see from the tweet below. Amanda Orson like Beyoncé was born in 1981. Orson, currently CEO of Curve US, counts herself an elder millennial. Curve sponsors a one-of-a-kind digital wallet that empowers you to maximize rewards from your existing

A bipartisan group of Senators, including Senators James Lankford (R-OK) and Raphael Warnock (D-GA), are calling for a temporary change in tax breaks for charitable giving. S. 566, also called the Charitable Act, would allow taxpayers to claim a significant above-the-line deduction for charitable giving. Above-The-Line Deduction An “above-the-line” deduction, or adjustment to income, is

When the NCAA issued its “interim” policy statement in June 2021 suspending rules that had prevented college athletes from monetizing their rights of publicity – and despite the fact that the “interim” statement and more recent supplemental guidance both emphasized that “pay-for-play and improper recruitment” incentives were still prohibited – it was perhaps inevitable that

Most people think of sunken treasures like gold coins or bullion, but whiskey is sometimes recovered, too. If it’s well preserved, it can be invaluable. In 2021, a single bottle of scotch salvaged from the SS Politician off the coast of Scotland brought £12,925 at auction. Now, 280 barrels of American whiskey could be salvaged