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
For non-residents of New York considering purchasing a vacation home in the state, the decision might have just gotten a bit easier – at least