Taxes

The IRS is rightly concerned about protecting taxpayers from data breaches and unauthorized disclosures, and it takes tremendous precautions to defend against them. At the same time, taxpayers and their representatives have a right to understand how the IRS is using the personal information it collects in administering the tax laws. A recent decision from

#DeferStudentLoanDebt? Doesn’t really have the same ring to it, does it? Even still, as the Biden administration inches closer to a decision on whether it will cancel trillions of dollars of student loan debt, many questions remain about how the plan will affect individuals with significant obligations. While many of the prominent Democrats in Washington

Democrats have been struggling to respond to the highest inflation America has seen in 40 years. Many on the left are pushing a bogus “greedflation” narrative that blames rising prices on corporations’ desire to maximize profits, as if that were some new phenomenon. Others have proposed to compensate consumers for higher prices with cash handouts

Robert Goulder of Tax Notes interviews professors Lawrence Zelenak and Ajay Mehrotra about the recently published memoirs of Stanley S. Surrey, who is considered America’s greatest tax scholar. This transcript has been edited for length and clarity. Robert Goulder: Hello, everyone I’m Bob Goulder, contributing editor with Tax Notes. Welcome to the May edition of

Johan Langerock, policy adviser in the European Parliament, discusses his visit to Washington, D.C., the future of the OECD two-pillar tax plan, and the European Union’s green initiative. 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.

Todd and Julie Chrisley were indicted in August 2019 on a raft of a federal tax and bank charges, and a new indictment was filed in February of 2022. They were just convicted of all charges by a jury in Atlanta, with sentencing to occur later. The pair could face decades in prison for conspiracy

Even though jobs are plentiful and wages are up, many families still face a shaky economic outlook. Higher than average inflation, which tends to hit low- and middle-income families hardest, will likely persist in 2022. A rental crisis looms. Either could undo gains in financial well-being found at the end of 2021 by the Federal

Talk about a doubly whammy. After the $10,350,000 verdict she owes Depp, Amber Heard’s lawyer says the actress can’t pay Depp the whopping verdict the court says she owes him. Add to that Heard’s tax problems, and it seems to pile on the bad news. There was already a nasty divorce, but the live-streamed trial

The Tax Injunction Act requires federal courts to determine whether the state levy under consideration is a tax or a fee, which in turn will determine whether the court has jurisdiction to proceed. The Supreme Court, which has never addressed the issue, now has before it the opportunity to lay the matter to rest in

Elon Musk has a “super bad feeling” about the economy. JPMorgan’s Jaime Diamond forecasts an “economic hurricane.” Both claims are counterfactual. The economy’s super hot, inflation’s temporary, the Fed’s not slamming on the breaks and reversing QE, to the extent that happens, will surely be benign. Larry Kotlikoff is a Professor of Economics at Boston