Tax Law Blog

If you opened a 529 account for your child to pay for educational expenses, new rules mean new options for funds leftover in the account.

The Internal Revenue Service (IRS) recently announced its ten-year Strategic Operating Plan to revitalize the agency, support its mandate, and create a taxpayer-first culture.

The Internal Revenue Service (IRS) gave itself a well-deserved pat on the back for its performance in the 2023 Tax Season.

Do you have any non-fungible tokens (NFTs)? The Internal Revenue Service plans to issue guidance on how it will consider them as valuable collectible items.

A tax-friendly tool to help a child pay for college may help you pass along generational wealth. For families interested in the educational future of a child, a 529 Savings Plan offers the means for parents and grandparents to help beneficiaries pay...

Corporations need tax and compliance support throughout the year. Understanding the benefits of working with a tax provider can help you make the right decisions for your company.

Out with the old and in with the new. Each year, changes to taxes and laws go into effect on the first of the calendar year. This year is no different.

For taxpayers with significant tax debt, an Offer in Compromise (OIC) may sound like a pretty good deal. An OIC provides an opportunity to reduce your tax liability—but it is by no means free.

It is no secret that the ultra-wealthy generally make use of tax-avoidance strategies. Paying less tax means more wealth accumulated. Recent information leaked from offshore tax havens reveals some of the ways the wealthy keep their money in the...

Depending upon their use, corporate tax havens are a sensation or a scourge. Tax havens offer a low- or no-tax option for corporations and wealthy individuals looking to shelter assets from an unstable economy or as a tax buffer for substantial...