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You Be The Tax Judge: A $9.6 Million Lottery Win And A Tax Dispute
A couple won $9.6 million in the lottery, then sold their future payments. Should the proceeds be taxed as capital gains or ordinary income?
Tax News & Analysis
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What’s Your Tax Rate? It’s Complicated.
What’s your tax rate? Learn the difference between marginal and effective tax rates, how federal income tax brackets work, and why the distinction matters.
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Pennsylvania Club Made Millions From Natural Gas And Lost Its Tax Exemption
A Pennsylvania sportsmen’s club lost its tax exemption after earning millions in natural gas royalties. Here’s why the Tax Court upheld the IRS.
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From Al Capone To Mickey Cohen: How Tax Crimes Helped Define Alcatraz
Al Capone and Mickey Cohen both served time at Alcatraz for federal tax crimes. Their stories bookend the notorious prison’s history.
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Getting To Know You Tuesday: Terry Lemons
Meet Terry Lemons, former IRS communications chief, journalist, author, and baseball fan, in this week’s Getting to Know You Tuesday.
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You Be The Tax Judge: When The IRS Has Your Return But Says You Never Filed
The IRS received Seaview’s tax return but said it was never filed. The Ninth Circuit agreed. Here’s why—and what it means for taxpayers.
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13 Uses For Leftover Halloween Candy – And The Tax Consequences
13 ways to use leftover Halloween candy—and the surprising tax consequences. From charitable donations to office treats, here’s what the IRS says for 2026.
