Kiplinger

Ask the Editor, July 17: Tax Questions on the New Tax Law

Question: Are the tax provisions in the so-called “One Big Beautiful Bill Act” (OBBB) retroactive to Jan. 1, 2025, or do they start in 2026? Joy Taylor: The new law permanently extends most of the tax ...
Forbes

Tax Law Firms Are Busier Than Ever—Hiring Former Federal Employees Could Help

Former Department of Justice Tax Division Head Karen Kelly is joining Kostelanetz LLP, as the firm says there is no slowdown in sight. Employment taxes, crypto, and state and local tax (SALT) are some ...
Forbes

Ex-DOJ Official Talks Tax Division Dissolution, Future Enforcement

WASHINGTON, DC - MARCH 21: A seal for the Department of Justice is seen on a podium ahead of a news conference with U.S. Attorney General Merrick Garland at the Department of Justice Building on March ...

How can I prevent my heirs from being hit with a big tax bill when I die?

It's important to understand which kinds of taxes you may anticipate in estate planning — and how that money will be used by ...
Kiplinger

Ask the Editor, September 5: Tax Questions on SALT Deduction

In our latest Ask the Editor round-up, Joy Taylor, The Kiplinger Tax Letter Editor, answers five questions on changes to the state and local tax deduction. The OBBB increased the SALT deduction cap to ...
WDAF-TV

Independence attorney sentenced in federal prison for tax evasion

KANSAS CITY, Mo. — An Independence, Missouri, attorney has been sentenced to federal prison for tax evasion. John C. Carnes, 70, pleaded guilty on Nov. 25, 2024, to evading the payment of $794,540 in ...