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 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…
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…
By Kelly Hanley, Esq. In an unprecedented move to alleviate the financial strain caused by the COVID-19 pandemic, the Internal Revenue Service (IRS) has announced a significant penalty relief initiative. This initiative aims to aid…
The Internal Revenue Service (IRS) has recently taken a significant step in combating fraudulent tax practices by disallowing over 20,000 Employee Retention Credit (ERC) claims. This move underscores the IRS’s commitment to maintaining the integrity…
Introduction E-commerce has seen a significant shift recently, especially concerning the IRS reporting rules. This change affects millions of Americans who engage in business transactions through popular e-commerce platforms like PayPal, Cash App, Venmo, and…
What does SFR mean? Hey, Chicagoans, ever opened your mailbox to find a letter from the IRS and felt your stomach drop to your shoes? Yeah, that’s the SFR—the Substitute for Returns—rearing its ugly head….
Hey, you up? Yeah, I figured. It’s that 3 a.m. dread, isn’t it? The one where you’re lying in bed, staring at the ceiling, and your brain decides to throw a rave party, headlined by…