Taxes

Tax cases involving Native Americans are complex, highly fact-intensive, and if required, a court must weigh the competing interests of the tribe, the federal government, and the state to determine if the tax stands or falls.  There are instances in which a court, in order to reach the correct result, must examine the original treaty document
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When President Joe Biden signed the $1.9 trillion-dollar American Rescue Plan last month, he launched a new and improved Child Tax Credit. The Child Tax Credit has been around since the Clinton Administration, yet this new version may have a positive effect on Americans who have been trying to find financial stability through the Covid-19 pandemic.
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Congress has returned to Washington after a two-week Easter vacation, and What’s Ahead explains why investors should be worried. The first thing on Congress’ plate is President Biden’s gargantuan infrastructure bill, most of which has little to do with such traditional infrastructure projects as highways and bridges. Unless changed, the legislation will hurt the economy—and,
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In the latest episode of Tax Notes Talk, Abdul Muheet Chowdhary of South Centre, an intergovernmental organization of developing countries, talks about how the U.N. Committee on Experts on International Cooperation in Tax Matters could be more transparent and effective for developing countries.  The post has been edited for length and clarity. Nana Ama Sarfo: Abdul,
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I recently wrote about how the IRS taxes legal malpractice settlements. I said a legal malpractice settlement should be tax free for an underlying physical injury case, where damages would have been tax free in the underlying physical injury case. Shortly thereafter, the Tax Court decided Blum v. Comm’r, T.C. Memo. 2021-18. Its harsh taxable
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When it comes to taxes, the good news is that we all have until May 17th to file and pay our federal income taxes. (Your state income tax deadline may be a different story.) Parents can also qualify for the higher child tax credit. The bad news is there isn’t much you can really do
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Wondering where your tax refund is? In its Covid-19 operations update, the Internal Revenue Service has added an explanation for why in many cases it’s taking longer than the typical 21 days to process tax refunds for individual taxpayers. We’re talking about tax returns filed for the 2020 tax year during the 2021 tax season
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It’s not how much you make but how much you keep. This fact of life doesn’t go away once you leave the workforce. Making intelligent tax-planning decisions before and during retirement can have a significant impact on your net retirement income.  In plain English, we are talking about reducing the taxes you have to pay
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Finally the syndicated conservation easement (SCE) empire strikes back. Battered in Tax Court by the IRS, hounded by the Department of Justice seeking criminal charges and injunctions and beleaguered by class action attorneys SCE appraisers are fighting back with a class action lawsuit against the Internal Revenue Service and the Treasury along with some individually named IRS
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