Maybe there's something fundamentally flawed about the way the IRS calculates capital gains. The Smith School's Samuel Handwerger discusses the merits of indexing.
In a rare move this week, the U.S. Supreme Court overturned its own ruling, with a 5-4 decision that allows states to collect sales tax from out-of-state retailers who sell to their in-state residents.
Sometimes the solution to a problem falls into a tax preparer's lap, the Smith School's Samuel Handwerger says. And sometimes that solution is a traditional Individual Retirement Account (IRA).
Accounting information that individual firms report can have a big impact on the economy. Smith School professor Rebecca Hann says the reason is because economic forces prevent markets from weeding out under-performing firms.
While the newly adopted tax code didn't go into effect until 2018, it might actually create a soft spot in the 2017 tax returns Americans are filing now. And it's all because of the things that the new law strips from the tax code, says the Smith School's Samuel Handwerger.
There are two certainties, the old saying goes: Death and taxes. And though there are no known loopholes for death, tax professionals do discover tax loopholes from time to time. Like this one, involving Uber drivers.
