Tax Notes Capitol Hill reporters Cady Stanton and Doug Sword preview what to expect from Congress in tax policy this fall, from a potential end-of-year tax package to IRS funding. This transcript has been edited for length and clarity. David D. Stewart: Welcome to the podcast. I’m David Stewart, editor…

In the mood for a smoke? If you’re in the Empire State, it’s going to cost you. As of September 1, New York State has the highest cigarette tax in the country. The cigarette tax has increased by $1.00 per pack of 20 cigarettes, from $4.35 to $5.35. That brings…

It’s official: The turf war is on. That’s the takeaway from the report on international taxation from U.N. Secretary-General António Guterres, released August 8. The report was prepared in response to a resolution approved by the U.N. General Assembly last year. Curiously, the report is styled as an “advance unedited…

Americans are terrible about taking time off from work. While reasons may vary, the Pew Research Center recently reported that 46% of U.S. workers who receive paid time off from their employer take less time than they are offered. I get it: I’m writing this article over a holiday weekend.…

Following the first Republican presidential primary debate, businessman Vivek Ramaswamy seems to be having a moment. That makes it a good time to explore his unorthodox fiscal agenda. While in many respects his platform appears to be standard Republican playbook, it includes some real surprises. But his unrealistic assumptions, yawning…

The IRS has announced that beginning Jan. 1, 2024, businesses that are required to file Form 8300, Report of Cash Payments Over $10,000, may be required to file electronically instead of filing a paper return. Cash Reporting Requirements Under U.S. law, any individual or business who receives more than $10,000…

When people think of tax evasion and prison sentences, the first thought is Wesley Snipes, Todd Chrisley, or the recently dropped charges against Hunter Biden. Prison for tax fraud and evasion seems like it only happens to the rich and powerful; however, anyone can end up in prison for these…

The IRS as announced tax relief for individuals and businesses affected by Idalia in parts of Florida. These taxpayers now have until Feb. 15, 2024, to file various federal individual and business tax returns and make tax payments. The IRS is offering relief to any area designated by the Federal…

The IRS has announced guidance on the federal tax status of refunds of state or local taxes, and certain other payments by state or local governments to individuals. Earlier this year, the IRS provided guidance on state payments made in 2022 in news release IR-2023-23, where the IRS exempted 21…

Tax Notes contributing editors Robert Goulder and Joseph J. Thorndike examine Robert F. Kennedy Jr.’s cryptocurrency tax proposal, all in five minutes. This transcript has been edited for length and clarity. Robert Goulder: There is a presidential election next year, and some of the candidates are already teasing us with…