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Taxes
What Is Trump’s Plan for Taxes on Overtime?
A Trump-backed tax plan currently advancing through Congress proposes significant changes to the federal taxation…
Who Is Eligible for the Earned Income Tax Credit (EITC)?
The earned income tax credit can provide substantial financial benefits for low-income working individuals and…
Choosing The Right 401k For Your Small Business
Selecting a 401k plan for your LLC or S Corporation can significantly impact your employees'…
After Legal Settlement Payment, You May Receive Two IRS Forms 1099
If you received a lawsuit settlement in 2024, you probably received an IRS Form 1099…
IRS Taxpayer Data Is Tightly Restricted By Law. Will This Stop Trump, Musk And DOGE From Gaining Access?
Earlier this month, Elon Musk's Department of Government Efficiency (DOGE) raised eyebrows when it requested…
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…
How To Help Those Affected By The California Wildfires–And Maybe Get A Tax Break
Wildfires in southern California have burned at least 47,000 acres in the Los Angeles area—the…
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…
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