Today’s Social Security column addresses questions about the whether working before filing can incur the earnings test, full retirement age for survivor’s benefits versus retirement benefits and more about widow’s benefits. Larry Kotlikoff is a Professor of Economics at Boston University and the founder and president of Economic Security Planning, Inc. Will Working Before My
Taxes
Tax Notes contributing editors Robert Goulder and Joseph J. Thorndike consider the historical context of why the IRS Criminal Investigation division carries guns. This transcript has been edited for length and clarity. Robert Goulder: This past summer Congress passed the Inflation Reduction Act (P.L. 117-169), which boosted IRS funding to the tune of $80 billion
A key subtext to the debate over whether to restore the expanded 2021 version of the Child Tax Credit (CTC) is this: Does the credit help reduce child poverty by giving low-income families much needed money, or does it increase poverty by discouraging work? The debate is especially intense around the 2021 provision that made
Law is rife with deadlines. Indeed, sometimes those deadlines are critical and outcome determinative. Abiding deadlines can mean the difference between having a case heard or a case dismissed, or a taxpayer’s rights being vindicated or not even considered due to timing. As this case highlights, even being a single day late can have big
In Notice 2022-58, 2022-47 IRB 483, the IRS and Treasury asked, “Should indirect book accounting factors that reduce a taxpayer’s effective greenhouse gas emissions (also known as a book and claim system), including, but not limited to, renewable energy credits, power purchase agreements, renewable thermal credits, or biogas credits be considered when calculating the section