Taxes

In a surprising move for a state that has long favored giving employers the freedom to do business with relatively few constraints, the Florida legislature and Governor DeSantis passed House Bill No. 1-B which prohibits any private employer from imposing a COVID-19 vaccination mandate for any full-time, part-time or contract employee without providing the individual
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Today’s Social Security column addresses questions about when spousal benefits may be available and how they can be paid, marriage and disability benefits and potential reductions due to filing early. Larry Kotlikoff is a Professor of Economics at Boston University and the founder and president of Economic Security Planning, Inc. See more Ask Larry answers
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Wow! 2021 has been yet another wild and crazy year. Many people have seen their incomes jump in 2021, while others have been out of work and have seen their incomes plummet. Either way, year’s end is the time to do some proactive tax planning to help reduce your 2021 income taxes. Why pay more
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Robert Goulder of Tax Notes and professor Daniel N. Shaviro of New York University School of Law discuss generational swings in the U.S. appetite for residence-based taxation of multinationals’ foreign profits.  This transcript has been edited for length and clarity. Robert Goulder: Hello everyone. I’m Bob Goulder with Tax Notes. Welcome to the November edition of “In the Pages.”
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The House passed the Build Back Better Act (BBBA) on November 19, 2021 and sent the bill to the Senate, where it will languish until it doesn’t. It will almost certainly be picked over and re-negotiated, but nothing is likely to happen until other government priorities are resolved, like the short-term spending bill that is
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Hanukkah is a time of celebration and generosity. Spreading the gifts throughout the days of Hanukkah helps facilitate greater enjoyment and the expression of gratitude over a longer period of time. And why not have Uncle Sam chip in to make the gifts even sweeter.  The following tax opportunities can be considered for the remaining
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Many plaintiffs win or settle a lawsuit only to be surprised that they have to pay taxes. Some don’t realize it until tax time the following year when IRS Forms 1099 arrive in the mail. A little tax planning, especially before you settle, can go a long way. It’s even more important now with higher taxes on
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by Benjamin M. Willis and Ryan Dobens Now that the House has passed the Build Back Better Act (H.R. 5376), the bill makes its way to the Senate for further consideration, possibly to become law. While the Biden administration has trumpeted the legislation as being able to “rebuild the backbone of the country,” it seems that rebuilding the American start-up wasn’t a
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The announcement by the United States Attorney’s Office of the Southern District of New York of the indictment of Joshua Burrell on charges of securities fraud, wire fraud and aggravated identity theft is very saddening. Joshua Burrell was an advocate of making Opportunity Zone investments serve social purposes while providing superior returns to investors. His concept seemed
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Most Americans have a lot to be thankful for this year. The economy is doing well, jobs are plentiful, and most small businesses are doing much better than had been expected. Things were much worse in the year 2020, when the Coronavirus shut down thousands of businesses, and deprived them of sales revenues, while expenses
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In the second of a two-episode series, professor Richard D. Pomp of the University of Connecticut School of Law discusses his views on the federal lawsuit challenging Maryland’s digital advertising 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 Tax Notes Today
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Tuesday November 30, 2021, is “Giving Tuesday.” Both last year and this year taxpayers who typically take the standard deduction can deduct cash contributions made to qualifying charities. For 2020 taxpayers were allowed to make an up to $300 adjustment per tax return for cash charitable contributions. For 2021 the amount has been increased to
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Americans may be divided over the necessity and efficacy of gun control, but it is hard for anyone to deny that the healthcare costs for victims of gun violence are substantial. State and local governments must spend a significant amount of tax dollars for law enforcement, ambulance services, and more, which can cut deeply into
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