Taxes

It’s been just over three and a half years since Alex M. Azar II, Secretary of Health and Human Services, declared that Covid-19 constituted a public health emergency. In the months that followed, government officials scrambled to find a way to ease economic shortfalls related to the pandemic through a series of tax breaks, forgivable

A recent tax case is one of the saddest ever and shows how the tax law often has intended consequences. The taxpayers were a married couple who inherited a business from the husband’s brother. After a couple of years, the husband discovered the business manager was stealing. He fired the manager and put his stepdaughter,

Share to Facebook Share to Twitter Share to Linkedin This segment of What’s Ahead lays out the telltale signs for a possible Reaganesque candidate emerging from tomorrow’s Republican debate. Reagan projected an exciting, optimistic view of the future, while effectively eviscerating the destructive policies and principles of his opponents. He never came across as acerbic

Section 871(m) treats payments under equity derivative contracts that reference U.S.-source dividends as if they are equivalent to U.S.-source dividends, potentially triggering a U.S. withholding tax. Reg. section 1.871-15(q) interprets section 871(m) to exempt qualified derivatives dealers (QDDs) from tax and withholding requirements if overwithholding would occur. Published September 12, 2022, Notice 2022-37, 2022-37 IRB

Mark Holmes is noted as being one of the better writers among Tax Court judges. His work on the Estate of Michael Jackson read like a novel. This month he may have gone off the beam a bit in a bench opinion. There is something rather tasteless in bringing up glue factories in the context