Tax Law Blog

An extensive dive into the sheltering structures of a Nvidia CEO Jensen Huang offers a primer on how to save on estate taxes in the U.S.

The Internal Revenue Service (IRS) is empowered to collect duly owed taxes from U.S. persons. As most know, the IRS readily applies penalties on taxes that are not paid properly. Taking a deeper look into IRS penalties may help you avoid them in the...

The State of Massachusetts recently instituted a tax amnesty program. Ohio had to cancel its plans for a tax amnesty program in 2023 given the state financial outlook. What do these programs offer taxpayers?

The Department of Treasury is taking aim at the basis-shifting practices of partnerships.

To the dismay of those with foreign business holdings, the Supreme Court of the United States (SCOTUS) upheld a transition tax on the unrealized profits of foreign business entities owned by American taxpayers.

A federal judge in Alabama ruled in favor of the National Small Business Association in finding that the requirements of the Corporate Transparency Act (CTA) constitute congressional overreach.

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.

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.

When a taxpayer does not respond to notices, the Internal Revenue Service (IRS) can move to collect taxes due in several ways. One of those collection methods is paycheck garnishment, also known as a “wage levy.”

Employers in Ohio and across the U.S. are obligated to collect, report, remit, and document taxes withheld from employees that are paid over to state coffers and the U.S. Treasury. Failure of that duty can lead to personal liability for business...