Joy Taylor
Joy spends most of her time writing and editing federal tax and retirement content for The Kiplinger Tax Letter, which is published biweekly. She also contributes tax and retirement content to kiplinger.com and Kiplinger’s Retirement Report. Some of her Kiplinger articles have been picked up by the Washington Post and other mainstream media outlets. Joy has also appeared in newspapers, television and on radio as an expert to discuss federal tax developments.
Joy is an experienced tax attorney and CPA with in-depth knowledge of federal tax law. After graduating from the University of Houston with an accounting degree and getting her CPA, she started out as a revenue agent for the Internal Revenue Service. While at the IRS, she audited tax returns of individuals, pass-through entities and corporations. She then earned a J.D. at the University of Houston Law School and an LL.M. in Taxation at New York University School of Law. She worked as a tax consultant for two of the largest accounting firms, Ernst & Young and KPMG, advising business clients on all aspects of the federal tax code. Joy also spent 15 years as a tax lawyer in Washington, D.C., for two multinational law firms. She has written tax content for Tax Notes, the Journal of Tax Practice and Procedure and USC’s Tax Institute, among other publications.
After all her years working for big law firms and accounting firms, Joy saw the light and now puts all her education and federal tax experience to use writing for Kiplinger. Outside of work, she is an avid sports fan, movie buff and dog lover.
Latest articles by Joy Taylor
-
Tax Court Filing Deadlines: Kiplinger Tax Letter
Kiplinger Tax Letter How broad is a U.S. Supreme Court case on Tax Court filing deadlines?
By Joy Taylor Published
Kiplinger Tax Letter -
IRS Self-Employment Tax Audits of LLC, LP Members: Kiplinger Tax Letter
Kiplinger Tax Letter Some LLC and LP members who don’t pay SECA taxes are on the IRS’s radar.
By Joy Taylor Published
Kiplinger Tax Letter -
Penalties on Early IRA and 401(k) Payouts Kiplinger Tax Letter
Tax Letter Early withdrawal penalties of 10% typically apply to IRA and 401(k) distributions, but there are exceptions.
By Joy Taylor Published
Tax Letter -
Tax Treatment of Settlement Awards and Damages: Kiplinger Tax Letter
Kiplinger Tax Letter Some lawsuit settlement awards and damages are taxable.
By Joy Taylor Published
Kiplinger Tax Letter -
Tax-Advantaged Qualified Small Business Stock
Small Business If you own stock that meets the qualified small business stock (QSBS) rules, up to 100% of the gain on the sale of the shares is tax-free.
By Joy Taylor Published
Small Business -
Popular Withholding Strategy for IRA RMDs: Kiplinger Tax Letter
Tax Letter Some retirees rely on a withholding rule to avoid paying estimated taxes.
By Joy Taylor Published
Tax Letter -
Businesses Would Get Lots of Tax Savings Under House GOP Plan: Kiplinger Tax Letter
Kiplinger Tax Letter The House GOP tax plan indicates what’s to come if Republicans control Congress and the White House after 2024.
By Joy Taylor Published
Kiplinger Tax Letter -
IRS Loses About $21 Billion Due to Debt Limit Deal: Kiplinger Tax Letter
Kiplinger Tax Letter Only time will tell the impact of a key budget concession involving the IRS.
By Joy Taylor Published
Kiplinger Tax Letter -
Your Frequently Asked Tax Questions Answered: Kiplinger Tax Letter
Kiplinger Tax Letter The Kiplinger Tax Letter receives a lot of reader tax questions and its editor, Joy Taylor answers a selection of them.
By Joy Taylor Published
Kiplinger Tax Letter -
Pay Your Tax Debts if You Want to Keep Your Passport: Kiplinger Tax Letter
Tax Letter Are you applying for or renewing a passport? Be sure you’ve paid your federal taxes.
By Joy Taylor Published
Tax Letter -
IRS Targets Abusive Tax Scheme Promoters: Kiplinger Tax Letter
Tax Letter Tax schemes range from basic tax dodges to highly complex transactions.
By Joy Taylor Published
Tax Letter -
Congress Examines Nonprofit Hospital Tax Exemption: Kiplinger Tax Letter
Tax Letter Providing community benefit is just one of many requirements.
By Joy Taylor Published
Tax Letter -
Settling Your Tax Debt With an Offer in Compromise: Kiplinger Tax Letter
Tax Letter There’s more than one option to settle your IRS tax debt for less than you owe.
By Joy Taylor Published
Tax Letter -
How are Inherited EE or I Savings Bonds Taxed? Kiplinger Tax Letter
Tax Letter How are inherited EE or I savings bonds taxed? Kiplinger Tax Letter
By Joy Taylor Published
Tax Letter -
Beware Tax Rules When Donating Stays at Your Vacation Home: Kiplinger Tax Letter
Tax Letter Beware Tax Rules When Donating Stays at Your Vacation Home: Kiplinger Tax Letter Tips
By Joy Taylor Published
Tax Letter -
Check if You Qualify for Home Energy Improvement Credits Worth $1,000s: Kiplinger Tax Letter
Kiplinger Tax Letter Do you qualify for home energy improvement credits worth $1,000s? Kiplinger Tax Letter
By Joy Taylor Published
Kiplinger Tax Letter -
Biden Wants a Higher Child Tax Credit and So Do Some Republicans
President Biden wants to revive the higher child tax credit and monthly advance payments, while some Republican senators have their own ideas for the popular tax break.
By Joy Taylor Published
-
How to Find a Tax Preparer: What to Look for in a Tax Professional
You want to find a tax preparer who's qualified, reasonable and knowledgeable to file your taxes. How do you get a tax professional that's right for you?
By Joy Taylor Published
-
9 IRS Audit Red Flags for Retirees
retirement Seniors: certain actions can increase the chances of the IRS giving your tax return a closer look.
By Joy Taylor Last updated
retirement -
12 IRS Audit Red Flags for the Self-Employed
taxes If you are self-employed, minimize the odds of an IRS audit by avoiding these audit triggers.
By Joy Taylor Last updated
taxes -
15 Believe It or Not Tax Breaks
Tax Breaks Your fellow taxpayers have successfully claimed write-offs for many things that most of us wouldn't even imagine.
By Joy Taylor Last updated
Tax Breaks -
How "Stealth Tax Hikes" Can Cost You Money Each Year
A 2018 change in the way tax items are adjusted for inflation leads to less tax decreases over time. And some tax items aren't adjusted for inflation at all.
By Joy Taylor Published
-
Wash Sales, Capital Gains, State Taxes: Tax Traps Investors Need to Avoid
Investors also need to beware of rules about taxes on mutual fund dividends, mutual fund investments and net investment income.
By Joy Taylor Last updated
-
What You Need to Know About the Home Sale Exclusion and Your Taxes
When you sell your primary residence, at least some of the increase in value is exempt from capital gains taxes.
By Joy Taylor Published