Taxes

On Sunday, February 12, 2023, nearly 73,000 fans will fill seats in Glendale, Arizona, to watch the Super Bowl match-up between the Kansas City Chiefs and the Philadelphia Eagles. Arizona got the nod in 2018 to host Super Bowl LVII. One reason? State Farm Stadium officially seats 63,400 fans with the ability to expand to

Share to Facebook Share to Twitter Share to Linkedin Since WWII, the U.S. has had what’s called the nuclear triad to deter a possible strike from an adversary: land-based missiles, submarine-launched missiles and long-range bombers. After the war the U.S. also pursued what might be called an economic triad, which was immensely successful for us

This year, the tax filing season is starting off strong. The initial data from the IRS indicates that taxpayers are getting their returns in more quickly than they did last year. Tax season opened on Jan. 23, 2023, one day earlier than in 2022. The IRS has now made data available from the beginning of

The IRS has announced that special payments made by 21 states in 2022 are not taxable and don’t need to be reported on your 2022 taxes. It means that people in the following states do not need to report these state payments on their 2022 tax return: California, Colorado, Connecticut, Delaware, Florida, Hawaii, Idaho, Illinois,

We’ve all heard complaints from disgruntled taxpayers about tax preparers that they claim did a lousy job. A Connecticut state senator believes she has a solution: make them pay. Patricia Miller, who represents the 27th district in the Connecticut state senate, recently introduced a bill that would hold tax preparers financially responsible for errors. S.B.

Waiting on your refund? For some taxpayers, it’s about to become a lot faster. The IRS has announced that taxpayers who file their amended returns (Form 1040-X) electronically will now be able to select direct deposit for their refund. E-Filed Amended Returns For years, filing an amended return has been a time-consuming process. Paper filing

Chances are that when you get your paycheck, you don’t look closely at anything beyond the net pay—the amount deposited into your account. But your Form W-2, Wage and Tax Statement? That’s a different story. Tax season is the first—and often only—time during the year that many taxpayers seriously consider how much money is taken

Today’s Social Security column addresses questions about how early retirement benefits can affect later spousal benefits, whether there are lifetime limits for disabled children and about mitigating the effects of years with no income on benefit rates. Larry Kotlikoff is a Professor of Economics at Boston University and the founder and president of Economic Security

In the early days of blockchain technology, there was a lot of excitement about its potential to transform the tax system and the way tax is collected. In a 2015 survey by the World Economic Forum, 73% of respondents (over 800 business leaders) predicted governments would be collecting taxes via blockchain by 2023. Well, that

Tax Notes reporters Sarah Paez and Kiarra Strocko discuss what they found in an exploration of the OECD-supported mediation process for multinational corporations. 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: multinational mediation. With