It’s the type of job computers (even really old computers running arcane software) should be good at— “IF” a ZIP code = [some number] “THEN” [do something]. Or don’t do something. In this case, IF a ZIP code is one that is on the list as being in a California…

This opinion piece puts the transferability component of the Inflation Reduction Act’s (IRA, P.L. 117-169) energy tax credit changes into historical context. A musical accompaniment is necessary to properly set the stage. Since readers probably shouldn’t play YouTube clips at work, we’ll have to rely on memories here. It’s 1924,…

Representatives Nicole Malliotakis (R-NY) and Michelle Steel (R-CA) have introduced the Working Families Tax Cut Act to increase the standard deduction – which would increase the fixed amount of income exempt from taxes. This might not seem like something that would pass as standalone legislation, but it could be attached…

A group of U.S. Representatives has introduced the American Family Act, legislation that would make the previously expanded and improved monthly child tax credit permanent. Background During Covid-19, the American Rescue Plan Act provided relief for American families through a series of payments and credits. One of those was a…

Most people are looking through the rearview mirror when it comes to taxes. They file their taxes once a year, recording what has already happened. Proactive tax planning is like looking through the windshield, looking ahead to avoid pitfalls that could cost you more in taxes. The more successful your…

For decades, the idea of being subjected to an Internal Revenue Service (IRS) audit has inspired fear in the minds of taxpayers. For Black Americans, that fear has escalated due to the disproportionate number of audits completed for the demographic. The recent cash infusion of $80 billion dollars to the…

A German lawyer widely regarded as the mastermind of a massive tax fraud scheme has been sentenced to an additional eight years and three months in jail. Hanno Berger had already received an eight-year jail sentence last December for his role in the cum-ex scheme, which has been called “the…

If you are an American taxpayer who lives and works out of the U.S., you have about two more weeks to file your 2022 federal income tax return. Those taxpayers, including U.S. citizens and residents abroad, face a due date of Thursday, June 15. June 15 Deadline The June 15…

In response to a request from House Speaker Rep. Kevin McCarthy (R-CA), the Congressional Budget Office (CBO) has estimated the impact of the debt ceiling agreement. The analysis found that under the May 28 version of the bill, budget deficits would be reduced by about $1.5 trillion over the next…

Tax Analysts’ chief economist Martin Sullivan provides an overview of the state of the economy and how the recent debt limit bill could affect it. This transcript has been edited for length and clarity. David D. Stewart: Welcome to the podcast. I’m David Stewart, editor in chief of Tax Notes…