In a significant move, the Internal Revenue Service (IRS) has announced a shift in its audit focus, targeting large partnerships and high-income taxpayers. This decision comes in the wake of the Inflation Reduction Act funding,…
Hurricane Idalia has left a devastating impact on various parts of the United States, particularly in Florida and South Carolina. As communities grapple with the aftermath, there is a silver lining: tax relief measures have…
Navigating the realm of inherited retirement accounts has always been a complex undertaking. The most recent developments only add to the intricacies. The Internal Revenue Service (IRS) disclosed its decision to delay enforcement of the…
The IRS Offer in Compromise (OIC) program allows qualifying taxpayers to settle their tax debts for less than the full amount owed, providing a path toward financial freedom. Yet, the process to get there is…
In a world where privacy and data protection are central to individual and business security, recent revelations concerning major tax preparation firms have created a stir. Evidently, in the past two years, three notable tax…
by Kelly Hanley, Esq. Federal Tax Lien Withdrawal Definition A “tax lien withdrawal” clears the public Notice of Federal Tax Lien, eliminating the IRS’s competition with other creditors for your assets. However, recent Tax Court…
“The new scheme involves a mailing coming in a cardboard envelope from a delivery service. The enclosed letter includes the IRS masthead and wording that the notice is “in relation to your unclaimed refund.” Like…
Navigating the maze of tax laws has never been for the faint of heart. As a tax attorney with over two decades of experience, I’ve guided countless clients through the labyrinthine twists and turns of…
by Kelly Hanley, Esq. The world of tax law isn’t one that’s typically associated with high drama and suspense. However, the recent case of Sanders v. Commissioner, 160 TC No. 16 (June 20, 2023) injects…
By Kelly Hanley, Esq., Tax Attorney As a seasoned tax attorney with over 20 years of hands-on experience, I can say with confidence that understanding when to hire a tax attorney is an essential aspect…