Taxes

On August 15, 1971, President Nixon unveiled a package of economic policies to jump-start a sluggish economy. His message featured a range of proposals, some rather tepid and conventional, others quite dramatic and controversial. It was the latter that gave rise to the name later used to describe the speech: the Nixon Shock. After the

Unless you’ve been involved in a lawsuit, you may not know about structured settlements. You may have heard of them on late night TV. “It’s your money,” some TV ads will exclaim. “Cash in your structured settlement and use your money now!” These TV ads are from factoring companies that buy up lawsuit structured settlements,

From what we can tell, Social Security is sending clawback bills to tens of thousands of Americans for mistakes it made. Social Security’s policy is cruel and unusual. Larry Kotlikoff is a Professor of Economics at Boston University and the founder and president of Economic Security Planning, Inc. Social Security is clawing back benefits it

Over the past couple of weeks, the IRS has been rolling out its list of tax scams for 2023. Now that the IRS annual Dirty Dozen campaign has wrapped, here’s a look at what taxpayers should watch out for this year. Dirty Dozen The “Dirty Dozen” is an annual list of common scams taxpayers may

Proposed regulations for the electric vehicle tax credit, long overdue, are finally out (REG-120080-22). That checks one of the many clean energy guidance projects off the list from the Inflation Reduction Act (IRA, P.L. 117-169), but there are still plenty more to go, including guidance on the direct pay provision in section 6417. Direct pay