It’s time for a more efficient approach to your tax returns. Start by trading in your shoebox for a scanner. Next, follow these guidelines to help avoid the dreaded IRS audit. Ditching your boxes full ...
Whether you take the standard deduction or itemize deductions, most people filing their 2022 taxes in 2023 will be happy they took the time to prepare when the IRS deadline rolls around. Review which ...
Turns out, the Cohan Rule may help you. Though there are no guarantees, of course. According to a recent Forbes article, the Cohan Rule was the result of a well-known case called Cohan v. Commissioner ...
Forbes contributors publish independent expert analyses and insights. Robert W. Wood is a tax lawyer focusing on taxes and litigation. An "IRS Audit Assistance" sign hangs at a Jackson ...
The IRS continues to aggressively enforce certain foreign information return obligations. In many cases, these enforcement efforts are automatic—that is, the agency simply imposes the applicable ...
The Congressional Budget Office has released a report showing that we paid more in taxes this year than in any other year. Federal taxes collected in fiscal 2022, which ended Sept. 30, reached an ...
Experts are raising concerns about what lower-than-expected tax receipts seen this month could mean for Congress’ timeline to strike a deal to raise the debt limit and stave off a national default in ...