Tax Law Blog

Tax preparer fraud is of perennial importance to the Internal Revenue Service (IRS). If you are an accountant or tax preparer who occasionally or usually stretches the legitimacy of tax returns that you prepare, there may be an IRS challenge in your...

An increased budget for the Internal Revenue Service (IRS) means better service to taxpayers and closer attention to the tax gap. The U.S. Treasury and the IRS recently weighed in on the issue.

According to the National Taxpayer Advocate, the Internal Revenue Service (IRS) has some work to do to better serve its customers—and its mandate.

In January, the National Taxpayer Advocate delivered her annual report to Congress. The document is a “report card” on the service provided by the Internal Revenue Service (IRS) to its constituents—U.S. taxpayers. The report identifies problem areas...

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...

If mileage is a factor on your personal or business tax return, the Internal Revenue Service (IRS) increased the standard mileage rate for 2023.

A tax policy created under the American Rescue Plan of 2021 is intended to ensure that taxpayers fully report proceeds that run through payment apps and e-commerce sites. Responding to blowback on the implementation of the measure this year, the...

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.