Tax Law Blog

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...

In a helpful turn for New York property owners, New York Governor Kathy Hochul vetoed legislation that would have closed a tax loophole on full-size homes declared as condominiums.

Charitable donations can reduce your taxable income. In some cases, you may need an appraisal to support the value of a donation you have made.

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.

With tax season approaching, the Internal Revenue Service (IRS) is again warning consumers and companies to avoid “ghost” tax return preparers. Are you a ghost preparer?

IRS audits are a perennially important topic for U.S. taxpayers. Knowing your rights following an audit is equally important.

For some, tax liability takes a backseat to the onrush of life. If you are a taxpayer in New York, it is important to be aware of enforcement tools in the hands of the tax authorities.

Preparation of personal and business returns gives tax professionals access and the opportunity to commit tax fraud. Have you crossed the line while working for a company or individual taxpayer? Do you worry about the IRS?

Crypto is on a wild ride with some speculators recently losing life savings even as others stay the course and continue to buy in. One of the parties along for the ride is the Internal Revenue Service (IRS), which scored a big win in the U.S....