Taxes

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Tax Breaks: The Slow Down, Double-Check Edition

Plus: Social Security benefits, IRA contributions, AI and the IRS, tax season filing statistics, Taxes From A to Z, tax filing deadlines, tax trivia and more.

ByKelly Phillips Erb,

Forbes Staff

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Own A Foreign Corporation? New Case Lets IRS Collect $10K Immediately

The 2d Circuit sides with IRS on Farhy. IRS wins in Safdieh and can automatically assess $10,000 penalty for failure to file Form 5471 for a foreign corporation.

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Are Your Social Security Benefits Taxable This Year?

A growing number of retirees have been paying federal tax on their benefits. A new $6,000 per person senior deduction reduce taxes for some seniors, but doesn’t change the way Social Security is taxed.

ByKelly Phillips Erb,

Forbes Staff

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Following The Money: How Financial Data Helps Solve IRS Criminal Cases

Nearly every major financial crime case touches Bank Secrecy Act filings—here’s how SARs, CTRs, and Forms 8300 drive investigations and prosecutions.

ByKelly Phillips Erb,

Forbes Staff

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IRS Filing Season Still Trails 2025, But Refunds Are Up More Than 10%

Tax returns received and processed remain slightly below last year’s pace, even as the average refund climbs to $3,804.

ByKelly Phillips Erb,

Forbes Staff

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Tariffs Were Illegal—Don’t Mail Checks, Use The Tax Code

The Supreme Court struck down Trump’s tariffs. Now comes the real question: how should Congress refund a regressive tax that hit lower-income households hardest?

ByAndrew Leahey,

Contributor

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How IRS Taxes Defamation Legal Settlements

Suits for damage to reputation can be about personal reputation, professional reputation or both, with legitimate opportunities for capital gain tax treatment.

ByRobert W. Wood,

Senior Contributor

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How Tax Changes Can Affect Your 2026 Investments

The 2026 tax landscape for investors will look different after key tax changes that went into effect last year. Here's how you might be affected.

ByNathan Goldman,

Contributor

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Trump Uses Sec. 122 Tariffs After SCOTUS Ruling. What You Need To Know

After the Supreme Court ruled against Trump's IEEPA tariffs, he has turned to other tariff powers. These include Sections 122, 301, and 232. Here's what you need to know.

ByMike Patton,

Senior Contributor

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Five Questions Corporate Leaders Should Be Asking About AI ROI (But Aren’t)

For most businesses measuring the concrete benefits of the estimated $2.5 trillion that will be spent on AI this year is easier said than done.