Tax Notes reporters Paul Jones and Nathan Richman discuss the $141 million settlement over Intuit’s INTU TurboTax Free Edition program and the potential tax break for Intuit. 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 Today International. This
Taxes
Over the past two years manufacturers and resellers have struggled to maintain inventory levels due to global supply chain issues, and now are facing the highest inflation rates since 1981. Unfortunately, a deteriorated supply chain and increased inflation most likely will increase the tax bill for businesses that use the LIFO method of accounting. It
If you follow the stock market, you know that markets have been highly volatile in 2022. You have likely seen the value of some of your investments drop below what you have paid for them. This may be a great time to revisit tax-loss harvesting and use the stock market drop to help you lower
Stanley S. Surrey was one of the giants of 20th-century U.S. tax policy. Even today, nearly 40 years after his death, he is still revered for his many contributions to the field. But like most giants, Surrey has attracted his share of giant slayers. Some came for the great man during his lifetime, others posthumously.
Today’s Social Security column addresses questions about whether survivor’s benefits reduce full retirement age for all benefits and the earnings test, earning more or paying more to increase benefits and the earnings test and survivor’s benefits. Larry Kotlikoff is a Professor of Economics at Boston University and the founder and president of Economic Security Planning,