Browsed by
Category: Tax Law

Can Meghan Markle and Prince Harry’s Baby Get U.S. Citizenship?

Can Meghan Markle and Prince Harry’s Baby Get U.S. Citizenship?

Finally, some cheerful news related to U.S. immigration law! Yes, I’m among those getting distracted today by pictures of the British royal baby. But I’m also seeing a lot of misleading information in the press, which impels me to fix it. For starters, little Archie, also known as Baby Sussex, is a U.S. citizen already. (And of course he is also a British one, by virtue of his U.K. citizen father.) Under U.S. law, a concept known as “acquisition” of…

Read More Read More

Want Your Charitable Deduction Back at Tax-Time? Push for Universal Charitable Deduction

Want Your Charitable Deduction Back at Tax-Time? Push for Universal Charitable Deduction

Any day now, Americans preparing their Forms 1040 are going to either learn or come face to face with a certain cold truth: their charitable deductions do them no good, tax-wise. (Unless they’re super rich, that is, but the super-rich don’t even prepare their own 1040s; their accountants will figure out the value of their gifts to nonprofit organizations.) It’s not that the charitable deduction is gone. The reason for this change is the doubling of the standard deduction that…

Read More Read More

Holiday Season 2018 to Test How Much Donors Are Motivated by Tax Deductions

Holiday Season 2018 to Test How Much Donors Are Motivated by Tax Deductions

End-of-year giving traditionally gives struggling nonprofits a way to make up for any lost ground and get a budgetary boost into the new year. Starting with Giving Tuesday (November 27 this year), the public is treated to, or annoyed by, a chorus of messages from needy nonprofits. Despite any annoyance, many generous people respond, such that approximately 30% of individual giving happens in December. We are weeks away, however, from what could be a seismic shift. The timing of holiday…

Read More Read More

Top Ten Nolo Articles for 2017

Top Ten Nolo Articles for 2017

Happy New Year! And now, for a quick look back at what Nolo’s online readers were putting first on their reading lists last year. Anyone notice any themes? The ones that seem to stand out are money, money, more money, the inevitable inquiries following the Harvey Weinstein scandal, and food. Let’s take a closer look, starting at the top. Will I Get Penalized for Working While Collecting Social Security Retirement? Looks like a lot of people either can’t give up the…

Read More Read More

IRS to Assess “Play or Pay” Penalties Against Employers for 2015

IRS to Assess “Play or Pay” Penalties Against Employers for 2015

Earlier this month, the IRS announced that it will be moving forward with issuing the first penalties against employers for failing to provide the health care coverage required by the Affordable Care Act (ACA). For a time, it was unclear whether ACA employer penalties would be enforced. In early 2017, the President had issued an executive order directing federal agencies to minimize the “economic and regulatory burden” of the ACA. However, attempts by the President and members of Congress to…

Read More Read More