Tax Law Blog

An increased IRS budget and a court ruling against the agency are of interest to those who file a report of Foreign Bank and Financial Accounts (FBAR).

Each year, the National Taxpayer Advocate delivers an annual report to Congress. This year, the report includes 66 recommendations aimed at improving services to taxpayers, boosting taxpayer rights, and helping the IRS do its job better.

The Internal Revenue Service (IRS) is investigating and targeting those who took inappropriate advantage of COVID-19 relief programs. If you filed a questionable Employee Retention Credit (ERC) claim, the deadline for disclosure by small businesses...

Tax migration—is it a thing in New York? A new report suggests maybe not.

The 2023 Report to Congress by the National Taxpayer Advocate (NTA) Erin Collins has been released. The report depicts an agency in transition with challenges to overcome in providing services to the nation’s taxpayers.

The 2024 filing season is now open. The Internal Revenue Service (IRS) began accepting tax returns in late January. It is time to connect with your tax professional to collect, review, and create the appropriate returns.

The long-planned effort by the Internal Revenue Service (IRS) to recover taxes due from the wealthy is underway, already netting the agency more than half a billion dollars.

A $14,729 tax bill is at the root of a U.S. Supreme Court Case that poses a question of whether income must be realized to be taxed.

Passed by federal legislators in 2022, the Corporate Transparency Act (CTA) takes aim at deterring tax fraud and money laundering. The Act went into effect on the first day of 2024.

Employers in the U.S. are required to collect employment taxes and pay them over to the Internal Revenue Service (IRS). Not only that but responsible parties are expected to do so in a timely and correct manner. Not surprisingly, if there is an...