Will Kenton is an expert on the economy and investing laws and regulations. He previously held senior editorial roles at Investopedia and Kapitall Wire and holds a MA in Economics from The New School ...

Forbes contributors publish independent expert analyses and insights. Robert Goulder covers developments in U.S. and international taxation. This column frequently criticizes the Foreign Account Tax ...

Section 6751(b) of the Code has been a potent weapon for taxpayers since the Second Circuit held in Chai that certain penalties are not valid without written managerial approval. See Chai v. Comm’r, ...

This week we're going to use an example to illustrate how taxable income is calculated. As we've discussed, your taxable income is the income to which income tax rates are applied and your taxes are ...