Taxes

With Democrats retaining narrow control of the Senate and Republicans on the cusp of winning the barest of majorities in the House, it will be difficult if not impossible for Congress to enact major tax bills in 2023. A divided Congress combined with continued Democratic control of the White House put a halt to big

As we digest the results of the midterm elections, some analysts are hoping President Biden’s powerful new economic programs can help heal our deep regional economic divisions. But without attention to worker and political power through unionization, those programs may help red states more than blue ones while not creating lasting prosperity and good jobs.

In the second of a two-episode series, Orly Mazur of SMU Dedman School of Law discusses her views on the tax implications of increasing automation and the alternatives to a robot tax. This transcript has been edited for length and clarity. David D. Stewart: Welcome to the podcast. I’m David Stewart, editor in chief of

The 2017 Tax Cuts and Jobs Act (TCJA) was billed as a giant tax cut for everyone, and for many, it has been. For others, the savings were mere pennies each year. However, for many high-income earners in (mostly) blue states, some of the fine print has meant larger-than-expected tax bills. The $10,000 cap on

Resolving lawsuits involves taxes. Defendants write off most settlements, and plaintiffs hope to minimize any taxes they face. Plaintiffs also hope to minimize the tax impact of their attorney fees, something that isn’t always easy. Depending on the type of case and whether legal fees are paid over time or on contingency at settlement, even

The comparable profits method is still often cast as uniquely conceptually flawed among transfer pricing methods and only suitable for use as a last resort, but this characterization often draws heavily on far-fetched statutory interpretations. Despite the IRS’s victory in securing judicial acceptance of the CPM in Coca-Cola Co. v. Commissioner, 155 T.C. 145 (2020),

The United States Tax Court held IRS Notice 2017-10 is invalid in a November 9, 2022 decision in Green Valley Investors, LLC, et al., Bobby Branch, Tax Matters Partner v. Commissioner of Internal Revenue, 159 T.C. No. 5. In Green Valley Investors, the Tax Court held that the IRS violated the Administrative Procedure Act’s requirements

The winning Powerball ticket was sold at Joe’s Service Center in Altadena, California, entitling the ticket holder to a massive $2.04 billion jackpot. The winning numbers were 10, 33, 41, 47 and 56, with a Powerball of 10. Winning the massive $2.04 billion Powerball jackpot would be life-changing, but many people wonder just how much

Many employers now offer Roth versions of their 401(k) plans. Though many people believe Roth IRAs and Roth 401(k)s (known formally as designated Roth 401(k) plans) are identical, there are important differences between the two types of retirement plans. What is a 401(k)? A 401(k) plan is offered by an employer to its employees. An

In the first of a two-episode series, professor Ryan Abbott of the University of Surrey discusses his views on the tax implications of increasing automation and the need for a robot tax. This transcript has been edited for length and clarity. David D. Stewart: Welcome to the podcast. I’m David Stewart, editor in chief of