Taxes

The IRS has released its annual update of special per diem rates for taxpayers to use in substantiating business expenses while traveling away from home. The new numbers are effective as of October 1, 2023, and are to be used for per diem allowances paid to any employee on or after October 1, 2023, for

Corrected, Oct. 11: An earlier version of this post reported that Juror 26 remained on the jury. This was an error. The judge initially ruled that all jurors were to remain, but subsequently dismissed Juror 26. ——————————————————————————————————————————- The most important recent development in the government’s long battle against abusive syndicated conservation easements. what I call

The Department of Justice continues to focus on pandemic-related fraud. This week, a federal grand jury in the Western District of Tennessee returned an indictment charging ten individuals for their roles in schemes to defraud the Economic Injury Disaster Loan (EIDL) program and the Paycheck Protection Program (PPP). Grand Juries And Indictments When it comes

Professor Jeremy Bearer-Friend of the George Washington University Law School discusses poll taxes in the 20th century and how they were used to target taxpayers based on race and ethnicity. 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

Former House Speaker Paul Ryan (R-Ohio) recently warned that a “lot of the tax code would be unconstitutional” if the US Supreme Court rules for the petitioners in Moore v. United States, a case that challenges whether Congress may tax “unrealized” income. Among the laws in danger are those that Congress over many decades has