Menu

IRS Archive

Avoiding Biden’s Proposed Capital Gains Tax Hikes Won’t Be So Easy. Or Will It?

TweetShareSharePin0 Shares President Biden’s American Families Plan would make two big changes in the tax treatment of investment income such as long-term capital gains and dividends. Some critics say the change will raise little revenue because sophisticated wealthy investors will find ways to avoid the new tax. But while many wealthy investors may dodge the

a 61% Tax on Wealth? Tax Foundation

TweetShareSharePin0 Shares As part of President Joe Biden’s American Families Plan (AFP), the White House yesterday proposed two major tax increases on accumulated wealth, adding to a 61 percent tax on the wealth of high-earning taxpayers. First, the American Families Plan would tax unrealized capital gains at death for unrealized capital gains worth over $1 million.

The AFP Looks A Bit Like Tax Reform

TweetShareSharePin0 Shares President Biden released details of his $1.8 trillion American Families Plan. First, the tax cuts: Biden’s American Families Plan would extend the American Rescue Plan’s expanded health insurance premium tax credits; extend the ARP’s more generous Child Tax Credits through 2025 and make the CTC permanently fully refundable; permanently increase tax credits for child

The AFP Looks A Bit Like Tax Reform

TweetShareSharePin0 Shares President Biden released details of his $1.8 trillion American Families Plan. First, the tax cuts: Biden’s American Families Plan would extend the American Rescue Plan’s expanded health insurance premium tax credits; extend the ARP’s more generous Child Tax Credits through 2025 and make the CTC permanently fully refundable; permanently increase tax credits for child

Estate Taxes in Europe | Estate, Inheritance, Gift Taxes

TweetShareSharePin0 Shares Inheritance tax dates to the Roman Empire, which collected 5 percent of inherited property to pay soldiers’ pensions. Today, the practice is widespread. The majority of European countries covered in today’s map currently levy estate, inheritance, or gift taxes. These countries are Belgium, Bulgaria, Croatia, the Czech Republic, Denmark, Finland, France, Germany, Greece,

Are IRS Security Tools Blocking Millions of People from Filing Electronically?

TweetShareSharePin0 Shares The IRS struggles mightily to balance two goals: It desperately wants to encourage taxpayers to file their tax returns electronically rather than on paper. And it must protect filers against identify theft and other forms of fraud. The problem: The agency’s security processes are preventing millions of people from filing electronically and are

Approving Presents from the Internal Revenue Service: Moral Factors To Consider (Sequel)

TweetShareSharePin0 SharesFormerly, we reviewed both groups of Internal Revenue Service “presents” that taxpayers can decline: clerical presents and also totally computational presents. We left, nonetheless, with the cliffhanger that computational presents might end up being “theoretical” presents, which lawyers frequently can approve. Today, we’ll look better at what a theoretical present is and also whether

Approving Presents from the Internal Revenue Service: Honest Factors To Consider (Component One)

TweetShareSharePin0 SharesFor questions on this and other tax issues please visit ETS @ Executive Tax Solution Formerly, I blogged about the unusual instance of Owner v. C.I.R (here). As a refresher course, the Householders attempted to take around half-a-million bucks in rubbish reductions for their steed breeding/leasing “company,” as well as the Tax obligation Court

You cannot copy content of this page

Social Media Auto Publish Powered By : XYZScripts.com