TAX PRO TODAY

Tax relief for disaster victims in California, Tennessee

By Jeff Stimpson       2 min read

The IRS is giving those affected by recent wildfires and floods extra time to file. Read story →

Senate Democrats eye taxes on stock buybacks, excess CEO pay

By Kaustuv Basu and Steven T. Dennis       4 min read

Senate Democrats are discussing a wider range of tax proposals than President Joe Biden has proposed, including levies on stock buybacks, carbon emissions and executive compensation, as part of a package of measures to help fund a ramping up in social spending. Read story →

IRS updates per diem rates for travel expenses for 2021-2022

By Michael Cohn       2 min read

The service has issued Notice 2021-52 with special per diem rates that take effect Oct. 1, 2021.  Read story →

The tax disadvantages of a life insurance sale, and a better alternative

By Grace Bronstein       4 min read

Even professionals such as accountants and attorneys who may serve as trustees are unaware of the numerous risks that life insurance policies carry.  Read story →

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Tax Fraud Blotter: No free lunch

By Jeff Stimpson       5 min read

Everybody’s All-American thief; getting a new kind of number; out of a job; and other highlights of recent tax cases. Read story →

IRS extends e-signatures on dozens of tax forms through end of 2021

By Michael Cohn       4 min read

The Internal Revenue Service has extended the ability to digitally sign a wide variety of tax forms through the end of the year. Read story →

IRS lists R&D tax credit among its Dirty Dozen, so is it still safe to claim?

By David Seibel       4 min read

Certain firms are aggressively marketing the research credit to taxpayers who don’t qualify in the first place. Read story →

The very rich already have a plan to escape Biden’s tax increase

By Ben Steverman       5 min read

Many on Wall Street think they’ve found just the thing to hide from a tax hike. Read story →

Trump Organization employees to testify before grand jury in tax fraud case

By Patricia Hurtado       2 min read

The organization’s corporate director of security will testify before a grand jury investigating former President Trump’s company and its business affairs. Read story →

Capital-gains tax hike exposes divisions among House Democrats

By Kaustuv Basu       3 min read

Key legislators are at odds over how high to increase levies on investment gains. Read story →

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