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Taxes
Kamala Harris’ 28% Capital Gains Tax Plan Is A Surprise. Here’s Why
Vice President Kamala Harris has proposed a 28% tax on long-term capital gains for Americans…
State Election Outcomes Mixed On Property Tax, Cannabis, And Other Ballot Measures
While federal tax questions have dominated the headlines this election cycle, state and local taxes…
Government Appeals Decision Blocking Business Ownership Reports, But Hints At Coming Policy Change
Earlier this year, the Supreme Court granted the government's application for a stay of a…
Trump Signs Dozens Of Executive Orders, Including One That Could Slow Your Refund
President Donald Trump signed dozens of executive actions on his first day in office, including…
IRS Audit Period Is 3 Years, 6 Years, Or More. Here’s How To Tell
Tax returns are annual, and getting them filed also means starting the clock ticking for…
IRS Commissioner Danny Werfel Announces Departure
IRS Commissioner Danny Werfel has announced that he is leaving the agency on January 20,…
The Money, Treasury, And Internal Revenue Service Shakeup Edition
“I will commit that for this tax season … Direct File will be operative.” That…
The Wild End To 2024 That Could Shake Up The 2025 Tax Season Edition
This is a published version of our weekly Forbes Tax Breaks newsletter. You can sign-up…
Spending Bill Has Something For Everyone, Including An Extension For Beneficial Ownership Information Reports
As the clock continues to tick down, Congressional leaders have finally released the text of…
Trump Picks Former Representative Billy Long As Next IRS Commissioner
President-elect Donald Trump announced he has tapped former Congressman Billy Long as Commissioner of the…
House Passes Terrorism Bill Targeting Nonprofits, Despite Concerns About Overreach
Last week, the House of Representatives rejected H.R. 9495, Stop Terror-Financing and Tax Penalties on…
How Senate Rules Could Slow Down Any GOP-Trump Tax Cuts
Soon after the 2024 elections results rolled in, the speculation began about what they might…
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