The IRS attempt to curb syndicated conservation easements was dealt a significant blow by the Tax Court in its November 9 decision in Green Valley
Social Security benefits will increase by 8.7% for 2023, the largest increase since 1981. The average recipient will receive an increase of $146 per month
President Biden recently announced federal student loan forgiveness of up to $20,000 for Pell Grant recipients and up to $10,000 for others who qualify. Generally,
With the signing by President Biden of the Inflation Reduction Act into law on Tuesday, the Internal Revenue Service will be allocated $80 billion to
The “Inflation Reduction Act”, if passed by the House and signed by the President, will provide $80 billion of funding to the IRS, with $45.6
A lengthy litigation over “willful” penalties in failing to file an FBAR has potentially come to a close with adverse results to the taxpayer, and
2021 was often cited as the most challenging year for taxpayers and tax professionals and with the even bigger backlog facing the IRS, 2022 is
Update 8/9/22: The attempt to add a provision to remove the carried interest loophole came to a halt during discussions leading up to a final
According to an IRS statement published in May, the IRS has recently doubled the audit rates for taxpayers in every income category above $100,000. Audits