• November 28, 2022

It’s An Omnichannel Holiday: Online Stays Strong As Shoppers Return To Stores

Americans embraced in-person shopping this Black Friday weekend, returning to stores and malls in big numbers. But early results for the weekend showed that consumers’ love affair with online shopping remains …

Holiday Inflation Watch: Thanksgiving Travel & Menus Took A Hit

The holiday inflation watch continues. This time, it’s Thanksgiving and plenty of consumers are feeling ungrateful for inflation as it slashed travel plans and slimmed down portions this year. In the …

First Legal Cannabis Retail Licenses Hit New York’s Massive Market

A mere 20 years after this article’s cover photo was taken, New York State is about to welcome its first-ever legal cannabis retail dispensaries. In November, New York’s Office of Cannabis …

Ask Larry: Will Social Security’s Earnings Deductions Affect My Future Benefit Rates?

Today’s Social Security column addresses questions about how deductions due to the earnings test can affect future benefit rates, whether to take spousal benefits at 62 and whether high earners should …

Gifts Can Be Taxed, Even On Thanksgiving

At the holidays, many people give gifts or donations, but telling them apart can be important for tax purposes. The holiday season starts with Thanksgiving. The classic O. Henry story Two …

Divided Congress And Tax Policy: What’s Next?

Tax Notes contributing editors Robert Goulder and Joseph J. Thorndike break down the 2022 congressional midterm election results and their potential effects on tax policy. This transcript has been edited for …

Will Congress Restore The Tax Incentive For Research Spending?

Businesses making investments in research are baffled that the current federal tax code severely limits tax incentives for innovation. The background is this: The Tax Cuts and Jobs Act (“TCJA”) passed …

The Case For Taxing Prison Labor

Stephanie Hunter McMahon of the University of Cincinnati College of Law discusses why labor performed by incarcerated workers should be subject to tax. This transcript has been edited for length and …

Conservation Easement Syndicates Outlawyering IRS

The full Tax Court in one of its regular decisions (Green Valley Investors LLC) has dealt a blow against the IRS in its struggle with abusive syndicated conservation easements. A key …

7 Wash Sale Facts To Know Before Selling Stock For Tax Loss Harvesting

Are you bullish about the stock markets in 2023? If so, you may be looking at year-end strategies to prepare for brighter investing horizons. For example, after the stock market declines …

IRS Form 1099-NEC Means Extra Taxes

IRS Forms 1099 arrived around the end of January 2023 for 2022 payments. The IRS likes these forms, which allow computer matching of your Social Security Number against your tax return. …

The Look-Through Approach To Sourcing Taxpayer Receipts: Is It Worth The Fuss?

Over half the states that levy a corporate income tax employ the single-factor receipts formula to apportion corporate income for sales other than tangible personal property. Market-based sourcing is the predominant …

After Midterms, Cities Can’t Rely On Congress

As Washington digests the midterm elections, one thing is clear—America’s cities shouldn’t expect new help from a divided and likely deadlocked Congress. With cities facing difficult economic circumstances and tight budgets, …