Tax Court Petition Deadlines & Your Rights After Culp: Understanding the Shift
Decoding the IRS Notice of Deficiency and The Deadline Dilemma The world of taxes is complicated, yet imperative to navigate. Let’s delve …
Tax News
Millions of Retirement Savers Are Losing Some of Their Tax Breaks: 401(k) Catch-Up Contributions
Retirement is a journey that millions of Americans prepare for, with the 401(k) retirement savings plan acting as their vessel. For years, …
The IRS Puts a Full Stop on New Covid-Era ERC Claims: What it Means for Back Taxes and Small Businesses
Just when you thought you were getting a grip on your back taxes, the IRS throws another curveball into the mix. With …
The IRS Crack Down: A New Era of Tax Compliance or a Political Chess Game?
by Kelly Hanley, Esq. New Targets: IRS Auditors Cracking Down on 1,600 Millionaires and Millions of Dollars in 2023 The Internal Revenue …
IRS Audit Focus on Large Partnerships and High-income Taxpayers
In a significant move, the Internal Revenue Service (IRS) has announced a shift in its audit focus, targeting large partnerships and high-income …
Tax Relief Guide for Those Affected by Hurricane Idalia
Hurricane Idalia has left a devastating impact on various parts of the United States, particularly in Florida and South Carolina. As communities …
Unpacking the IRS’s Latest Guidance on Inherited Retirement Accounts
Navigating the realm of inherited retirement accounts has always been a complex undertaking. The most recent developments only add to the intricacies. …
Did tax prep firms share data about millions of US taxpayers? Democrats say Yes.
In a world where privacy and data protection are central to individual and business security, recent revelations concerning major tax preparation firms …
New IRS Tax Scam: Targeting Innocent Taxpayers
“The new scheme involves a mailing coming in a cardboard envelope from a delivery service. The enclosed letter includes the IRS masthead …
