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Tax Insights

Practitioner Insights

Welcome Back to New York. Where Are Your 2020 Taxes?

Some high-earning New Yorkers and Californians are coming back home. Nishant Mittal of Topia warns that some who argue they were not residents in 2020—or 2021—will be audited, and most will lose. Here’s what he says to look out for.

U.S. Tax Law Helps Multinationals Instead of Domestic Companies

We’ve all seen the headlines suggesting that multinational corporations use paper tax games to shift profits—and avoid paying U.S. taxes. In an Op-Ed, Zach Mottl of Atlas Tool Works, argues that multinational corporations should not be allowed to avoid taxes by reporting one set of books to their shareholders and another set to the IRS.

Two Smart Retirement Tax Moves to Consider Before Year-End

With the end of the year just around the corner, now is the time to consider year-end strategies for tax planning. Ed Slott, CPA, suggests that low tax rates offer opportunities for some taxpayers to make some smart retirement moves.

Commentary & Opinion

U.S. Tax Law Helps Multinationals Instead of Domestic Companies

We’ve all seen the headlines suggesting that multinational corporations use paper tax games to shift profits—and avoid paying U.S. taxes. In an Op-Ed, Zach Mottl of Atlas Tool Works, argues that multinational corporations should not be allowed to avoid taxes by reporting one set of books to their shareholders and another set to the IRS.

Democrats Shouldn’t Suspend the Gasoline Tax

Some centrist Democrats in Congress are pushing for a suspension of the gasoline tax, on the federal and state levels, and it’s not hard to see why: Many of them face tough odds for re-election next year, and rising fuel costs affect every one of their constituents. From both a political and economic standpoint, the plan has some appeal.