Taxes
IRS Braces For More Workforce Cuts Once Tax Season Ends
Forbes Staff
With the tax season deadline just days away, the IRS is bracing for more cuts. Thousands of employees are expected to receive pink slips in mid-May.
More From Taxes
Why Pope Leo Can Skip FATCA, But Not FBAR
Pope Leo will have no US tax liability, no FATCA Form 8938 filing duty, but will have possible FBAR reporting for financial accounts at the Vatican Bank.
ByVirginia La Torre Jeker, J.D.,
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Tax Breaks: The Big, Beautiful Bill Hanging Over The Hill Edition
Plus: Harvard and tax-exempt status, federal deficits and debt, cyberattacks and business tax deductions, filing deadlines, tax trivia and more.
Forbes Staff
No Taxes On Tips, Overtime, And Social Security? Not Exactly
Not all the Trump promises to cut tax on tips, overtime and Social Security made it into the proposed tax bill—and those provisions that did make it in are temporary.
Forbes Staff
Billions In Flux: The IRS Funding Battle And Use Of Taxpayer Dollars
The IRS has received billions in new funding in recent years. You may be surprised to learn how your tax dollars are at work.
Contributor
House Tax Plan Would Kill Direct File And Rescue Controversial Contingency Fees
Included in a recent amendment were a few IRS-specific provisions, including eliminating Direct File, increasing the punishment for unauthorized disclosures, and stopping a ban on contingency fees.
Forbes Staff
Estate And Charitable Planning For Stock Options, RSUs, And Company Stock
Donating wealth and passing it to future generations are important financial goals. They need careful planning. Here's what expert financial and legal advisors suggest.
Contributor
U.K. Tax Considerations For Overseas Sellers
In moves to protect businesses located in the U.K., there have been a number of recent changes to ensure that the U.K. taxes due from overseas sellers selling into the U.K.
Contributor
A Guide To The Tax Cuts In (And Out) Of Trump’s ‘Big, Beautiful Bill’
A draft House version of the massive GOP tax and budget bill would make some expiring tax cuts permanent. Other goodies, including a bigger child tax credit and tax breaks for tips and overtime, are temporary.
Forbes Staff
The Thinking About Retirement Edition
On this episode of "Tax Breaks”, Kelly Phillips Erb talks retirement. She dives into retirement planning, highlighted by Forbes' list of the Best Places To Retire and considerations for Social Security benefits. She also delves into the nuances of early vs. full retirement age for Social Security, emphasizing the financial implications.
Forbes Staff
Still At The Table: Updates On The OECD Global Tax Project
In this episode of Tax Notes Talk, Tax Notes chief correspondent Stephanie Soong discusses how the Trump administration’s tax priorities have been shaping negotiations on the OECD’s two-pillar project.
Contributor