Today's Social Security column addresses questions about whether people who hadn't filed yet missed the January 2022 5.9% COLA, spousal benefit rat4es after early retirement benefits and switching to retirement benefits after early survivor's benefits.
Two married filing separately returns will almost never yield a lower total tax than a joint return - until recently that is. Apparently with 2021 returns it is happening a lot.
IRS says crypto is property, so transfers trigger tax, even swaps of one crypto for another. But if you are holding crypto for someone else, is the tax problem yours, or does it belong to the person on whose behalf you are holding it?
Roxanne Bland examines state and federal government developments in regulating cryptocurrency. She explores lingering questions around several state measures that have been introduced that would amend numerous existing statutes to accommodate cryptocurrency.
Here is a pro-tip for reading Tax Court decisions. Whenever the word "purport" occurs in any of its forms, things are not going to go well for the taxpayer.
If Chris Rock sues Will Smith, how much in tax will Chris Rock pay if he receives a settlement? The slap was physical, and damages for personal physical injuries like a serious auto accident are tax free under Section 104 of the tax code. But what is "physical" isn’t clear.