By Kelly Hanley, Esq., Chicago Tax Attorney IRS Tax Notice Simplification: A New Era of Clearer Communication? The IRS, an agency often perceived with a mix of respect and trepidation, has embarked on a significant…
Will the IRS Issue Cryptocurrency Tax Regulations in 2024? By Kelly Hanley, Esq., Chicago Tax Attorney Cryptocurrency has become a hotbed of complexity and uncertainty in tax law. As the digital currency landscape evolves, so…
By Kelly Hanley, Esq., Chicago Tax Attorney One area of tax law and policy that has recently garnered significant attention involves the taxation of state paid leave programs. Since the early 2000s, over a dozen…
By Kelly Hanley, Esq., Chicago Tax Attorney Tax law is replete with complexities and nuances, a reality starkly illuminated in the recent case of Cortez v. IRS. This case offers lessons for taxpayers and underscores…
By Kelly Hanley, Esq., Chicago Tax Attorney As a seasoned Chicago Tax Attorney, I understand the complexities that arise when trying to comply with the morass of tax laws, especially in the aftermath of natural…
By Kelly Hanley, Esq., Chicago Tax Attorney As the agency responsible for executing Congress’s will, the Internal Revenue Service (IRS) often finds itself at the crossroads of legislative changes and administrative challenges. One such recent…
By Kelly Hanley, Esq., Chicago Tax Attorney As a seasoned Chicago tax attorney, I have seen firsthand how the intricacies of tax administration can impact both taxpayers and tax professionals. One aspect often overlooked is…
By Kelly Hanley, Esq., Chicago Tax Attorney As a Chicago tax attorney with 25 years’ experience, I can tell you that tax law is complex. Certain areas within tax law can be downright confusing. Innocent…
By Kelly Hanley, Esq., Chicago Tax Attorney In the opinion of this Chicago Tax Attorney, few cases capture the intricate dynamics of debt, equity, and the IRS’s stance as vividly as the ongoing legal battle…
In a landmark decision that has sent ripples through the tax community, a 2023 U.S. Tax Court ruling, Farhy v. Commissioner, has called into question the longstanding practices of the IRS regarding the imposition of…