IRS Commissioner Danny Werfel said that IRA funding has made an immediate, meaningful difference in how the IRS serves taxpayers, including hiring new employees Read More

A recent Tax Court examined what taxpayers need to know about business expenses that they're not hearing on social media—including that they must be ordinary & necessary Read More

The 1982 Tylenol poisonings captivated the country. A former tax preparer was suspected—but never charged—in the murders. He was convicted on related extortion charges Read More

In 2020, Congress passed the CARES Act intended to provide emergency financial assistance during the pandemic. Unfortunately, it also proved to be a magnet for fraud Read More

This term, the Supreme Court will consider whether the "mandatory repatriation tax" is constitutional. It's a reminder of challenges Americans living abroad may face Read More

Tax credits are available for owners of new and used electric vehicles (EVs). The rules can be complicated and depend on what kind of vehicle you buy and when you buy it Read More

IRS Commissioner Danny Werfel says the agency's paperless processing initiative builds on progress that has already begun, thanks to Inflation Reduction Act funding Read More

Swift reportedly gave bonuses totaling millions to those working on her show. Here's what that means for tax purposes Read More

In June of 2023, Hunter Biden was charged with tax and gun charges as part of a plea deal. This week, new information about the related plea agreement was made available Read More

In total, Leon Haynes is accused of preparing and filing at least 1,387 false Forms 941 claiming a total of $124,751,995.08 in fraudulent tax refunds Read More

The tax is directed to a state fund—the WA Cares program—that can be accessed during lifetime to pay for long-term care costs, including needs like food and mobility Read More

Today, the Internal Revenue Service announced the selection of David Padrino to serve as the Chief Transformation and Strategy Officer, a recently created role at the Read More

Golf season is in full swing in parts of the U.S. but Sen. Ron Wyden is making golf news this week by introducing bills targeting The PGA Tour and its tax-exempt status Read More

A pandemic-related tax credit continues to be in the news—and the focus of IRS scrutiny. Fraudulent ERC claims are clearly a concern for the tax agency Read More

The IRS says it has processed all paper and electronic individual returns received before April 2023, and they are opening mail within normal time frames Read More

The nation’s tax agency is making a major policy change: it will end most unannounced visits to taxpayers by agency revenue officers Read More

The 2023 Women's World Cup prize money increases as the teams move on. Controversy is still a factor—here's a look at money and taxes in this year's tournament Read More

A judge ruled that a Florida couple is liable for taxes on $1.2 million in retirement income, much of which was fraudulently taken from them by their own daughter Read More

Public schools are often supported by local funding. What happens when that funding is eliminated? Some states, like Texas, Colorado & Pennsylvania, are trying new ideas Read More

We all know that feeling when you've made a mistake, but you don't have to stay in trouble. Here are tips and actionable steps to help you get out of the tax doghouse Read More

Frank Butselaar, an international tax advisor, has been charged for his role in what the government claims is a tax fraud scheme involving high net worth taxpayers Read More

In May 2019, two handwritten wills were found in Aretha Franklin's home. Those wills became the focus of a lawsuit involving Franklin's children Read More

When every dollar counts, taking advantage of state sales tax holidays can help reduce costs. Here's a list of states offering back-to-school sales tax holidays in 2023 Read More

Minnesota's $3 billion tax bill made headlines when it passed earlier this year. It's making news again—for a $352 million mistake Read More

The 2023 ETAAC annual report to Congress proposes actionable recommendations that align with the IRS strategic plan Read More

What's so significant about July 4? Here's a quick look at how taxes and tea contributed to a break from Great Britain, resulting in American Independence Day Read More

The IRS is warning taxpayers about a new scam involving tax refunds Read More

A Neymar fan explained that he had tried to turn over his assets during his lifetime but was advised instead to draw up a will Read More

A Nigerian national who targeted elderly U.S. victims has been sentenced to nearly seven years in prison for his role in the inheritance fraud scheme Read More

The Supreme Court has agreed to consider whether the “mandatory repatriation tax” created under the TCJA is unconstitutional under the Sixteenth Amendment Read More

When the tax authorities came for their share of French dairy farmers' profits hundreds of years ago, the farmers got creative. The result was Reblochon cheese Read More

A bill in House committee would cut IRS funding, restrict the use of funds, and put the brakes on the planned develop of a free e-file system for taxpayers Read More

National Taxpayer Advocate (NTA) Erin Collins has delivered her midyear report about the IRS to Congress. The report is one of two that the NTA delivers each year Read More

Biden is expected to plead guilty to two tax misdemeanors. His cooperation likely kept them from being charged as felonies Read More

How a retired Pennsylvania couple changed the lives of hundreds of struggling families by appealing the inflated real estate tax assessments on their mobile homes Read More

The greatest soccer player in the world chose state income-tax free Florida, a destination for other big names in sports like Tiger Woods, Derek Jeter, and Tom Brady Read More

There have been many schemes to avoid paying taxes. The Tax Court rejected another one in a recent case Read More

The IRS hopes to make a free direct e-file tax return system a reality for some taxpayers for the 2024 tax filing season. Key to the process is the taxpayer experience Read More

Former Italian prime minister Silvio Berlusconi spent much of his life embroiled in scandal—from tax fraud to those infamous "Bunga Bunga" parties Read More

The IRS typically assesses a penalty when you owe taxes or haven't filed a tax return Read More

Shortly after the announcement, Rep. John Garamendi (D-CA) teed up legislation that would strip the PGA Tour of its tax-exempt status Read More

A group of U.S. Representatives have introduced the American Family Act, which make the previously expanded and improved monthly child tax credit permanent Read More

The change, which is reflected in section 55 of the Tax Code, imposes a 15% minimum tax on the adjusted financial statement income of large corporations Read More

The bill would reduce the deficit about $1.5 trillion over the next decade Read More

If you are an American taxpayer who lives and works out of the U.S., you have about two more weeks to file your 2022 federal income tax return Read More

A German lawyer widely regarded as the mastermind of a massive tax fraud scheme has been sentenced to an additional eight years and three months in jail Read More

A new Netflix documentary has rekindled interest in the late Playboy model who almost walked away with $475 million from her 90-year-old husband, J. Howard Marshall. A look back at the tabl… Read More

After a few days of speculation about the debt ceiling agreement between President Joe Biden and House Speaker Kevin McCarthy, we finally have the details Read More

The IRS recently issued updates about filing and processing returns, including time frames for refunds and payroll return adjustments (largely for ERCs) Read More

The IRS does not need to notify third parties when requesting a summons for banking records in collection matters Read More

The IRS has announced more cost-of-living adjustments—the changes affect HSAs, HDHPs, and HRAs Read More

It's not hard to see why AI could be both useful and dangerous. Fraudsters are using AI to create letters to compel taxpayers to take certain actions Read More

The emergency declaration for Covid-19 expired on May 11, 2023—and it comes with some tax consequences Read More

The Social Security Administration has announced the most popular U.S. baby names of 2022 based on applications for Social Security cards. Did your name make the list? Read More

A Colorado homeowner discovered that her new house came with walls full of snakes. Mitigating that damage will be expensive—but is it also tax deductible? Read More

President Joe Biden’s cryptic Twitter posting this week about closing a loophole that helps wealthy investors in digital assets did not identify the tax break he meant. Confused invest… Read More

With Tax Day in the rearview mirror for some, fingers are crossed that IRS processing times may be getting back to normal. Here's what you need to know about returns, refunds, and notices Read More

To help taxpayers resolve outstanding issues and solve problems, the IRS will open IRS Taxpayer Assistance Centers (TACs) on Saturday, May 13, 2023 Read More

The IRS has filed federal liens against Zolciak-Biermann and her husband, former NFL outside linebacker Kroy Biermann, in excess of $1.1 million Read More

The United States Department of Justice has filed a complaint seeking to bar nine Florida tax return preparers and their associated business from assisting in preparing federal income tax re… Read More

If you bought TurboTax online filing products between 2016 and 2018, check your email—you might be entitled to a settlement payment Read More

The White House has announced plans to ask crypto miners to pay a premium for energy consumption Read More

Taxpayers Roy A. Nutt and Bonnie W. Nutt electronically filed a petition in Tax Court to contest a Notice of Deficiency from the IRS. But a time zone snafu resulted in a dismissal Read More

Operation SpecTor, a coordinated international effort, represents the most funds seized and the highest number of arrests in any coordinated international action led by the Justice Departmen… Read More

A group of Senators is urging the IRS to take action on the potential use of artificial intelligence (AI) in scams targeted at taxpayers and tax professionals Read More

A Louisiana man was sentenced to 10 years in prison for money laundering related to a fraudulent scheme involving Paycheck Protection Program (PPP) and Economic Injury Disaster Loan (EIDL) P… Read More

If you're thinking more about living outside the banking system, here's what you need to know about tax and related requirements Read More

After months of public back and forth, the fight between Florida Gov. Ron DeSantis and the Walt Disney Company is now headed to court Read More

Entertainer Beyoncé Knowles-Carter—known to fans as Beyoncé or Queen Bey—has filed a petition in U.S. Tax Court contesting nearly $2.7 million in tax and penalties Read More

Tax season isn't over just yet. Tax-exempt organizations with a calendar year-end (December 31) must file or request an extension by May 15, 2023 Read More

Today is 4/20, a counterculture holiday based on the celebration of cannabis. Cannabis doesn’t have the same taboo as it once did, largely thanks to legalization efforts. But legalizat… Read More

It's Tax Day—have you filed your tax return? Here's what you need to know about filing your return on tax day including when and where to file (and whether you need to file at all) Read More

This year, the IRS achieved an 87% Level of Service, exceeding Secretary of the Treasury Janet L. Yellen's goal of 85%. Are things finally getting better? Read More

Every now and again, a case comes across your desk that makes you say, “Whoa.” Alon Farhy v. Commissioner is just such a case. The Tax Court gave Farhy a win, ruling that the IR… Read More

IRS Criminal Investigation has continued to pursue Covid-related fraud, including PPP and unemployment compensation schemes. Here's a look at two enforcement efforts that resulted in crimina… Read More

The IRS has announced that more than $1.5 billion in outstanding refunds remain unclaimed from 2019 Read More

To benefit from most tax-favored moves for 2022, you needed to have taken action by December 31, 2022. But there's a significant exception to that rule: contributing to an IRA Read More

Timing is everything. That was the lesson learned by Scott Hoensheid in a recent Tax Court case that resulted in a lost charitable deduction and capital gains tax. Here's what happened Read More

It's National Beer Day! April 7 marks the day that beer was allowed to be legally manufactured and sold following a long, dry Prohibition Read More

The IRS has released its strategic operating plan for spending $80 billion in extra funding over the next decade. Here's a look at what it does—and doesn’t—include Read More

Over the past couple of weeks, the IRS has been rolling out its list of tax scams for 2023. Now that the IRS annual Dirty Dozen campaign has wrapped, here's a look at what taxpayers should w… Read More

The IRS has announced it will open several Taxpayer Assistance Centers (TACs) around the country on Saturdays for face-to-face help Read More

The Treasury Inspector General for Tax Administration—or TIGTA—has released its audit of the IRS's 2022 Filing Season. It will surprise no one to hear that TIGTA concluded that i… Read More

Owing taxes can be stressful. As part of its "Dirty Dozen" campaign, the IRS has renewed a warning about so-called Offer in Compromise "mills" that often mislead taxpayers into believing the… Read More

As politicians argue about the impact of additional IRS funding, the Supreme Court is taking a look at the rules for collecting financial and other information without notice to taxpayers Read More

When you're in law school, you often dream about having a case that makes it to the Supreme Court. Tax attorney Rachael E. Rubenstein knows that feeling—and in her case, it actually ha… Read More

Few things herald the coming of spring in the United States like the blooming of the cherry blossom trees around the Tidal Basin in Washington, D.C. Here's a look at how that happened Read More

During the week, Eugene Hall uses his tech savvy to chase down tax cheats, identity thieves and other fiscal frauds. And on football Sundays, he assesses penalties—five and ten yards a… Read More

As part of its annual Dirty Dozen campaign, the IRS is urging everyone to be on alert for scammers operating fake charities, especially following major disasters Read More

A recent survey of 600+ tax pros conducted by ezCater revealed that 96% of tax professionals are skipping meals to focus on work Read More

IRS Criminal Investigation reports that it has investigated 975 tax and money laundering cases related to Covid fraud, with alleged fraud in these cases totaling $3.2 billion Read More

The IRS is again warning taxpayers about phishing and smishing schemes as part of this year’s Dirty Dozen Read More

The IRS rolled out a first look at this year's Dirty Dozen, and there's a new—but not surprising—entry: improper claims involving Employee Retention Credits, or ERC Read More

There's about a month left in the current tax filing season. If you're one of the taxpayers who hasn't yet filed, here’s some last minute tax advice, including on why asking for an ext… Read More

Over the past few years, there has been an uptick in the number of taxpayers asking about married filing separately as a tax status. Here’s what you need to know Read More

The IRS has posted answers to frequently asked questions focused on whether certain costs related to nutrition, wellness, and general health are medical expenses that may be paid or reimburs… Read More

The IRS is getting serious about cryptocurrency. While it's not a new tax topic, conflicting advice about losses and different wording on Form 1040 are resulting in some head-scratching Read More

The IRS has issued a reminder for retirees about required minimum distributions Read More

On March 9, 2023, President Biden released his official budget. Here's a look at the top tax-related provisions Read More

Filing for an extension during tax season is often seen as an act of desperation. It’s not. It can be—and often is—the result of careful tax planning Read More