Taxes

Social Security benefits automatically convert to standard retirement benefits at full retirement age (FRA) and this retirement benefit can then be suspended. Here’s the story of one disability benefit recipient’s frustrating attempts to do so. I asked James (a pseudonym) to write up his experience in trying to suspend his retirement benefit starting with his

Progressive mayors in Boston and Los Angeles have been joined by Chicago’s Brandon Johnson, all hoping not only to change criminal justice but also spend more on affordable housing, child care, education, and other progressive polices. But these progressives (along with a significant number of centrist mayors) will face serious budget and political challenges that

As Tax Day gets closer—April 18, 2023—many taxpayers are looking for ways to put a dent in their tax bills. To benefit from most tax-favored moves for 2022, like making a charitable contribution or buying new technology for the office, you needed to have taken action by December 31, 2022. But there’s a significant exception

Timing is everything. That was the lesson learned in a recent Tax Court case that resulted in a lost charitable deduction and capital gains tax. Here’s what happened. Background Commercial Steel Treating Corp., or CSTC, was founded in 1927 by the Hoensheid family. Over the years, the company performed well and remained in the family.

Tax Notes contributing editor Robert Goulder discusses the history of bank secrecy, Credit Suisse’s role in it, and the bank’s recent collapse. 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 week: Can you keep a