Taxes March 14, 2025
Wealthy individuals often set up an irrevocable life insurance trust (ILIT) to avoid federal estate tax on large insurance policies. But a small misstep could lead to a tax disaster.
IRS March 13, 2025
This article includes a handy reference chart to estimate when you may receive your 2025 income tax refund. The author received his in under 10 days.
Income Tax March 13, 2025
The IRS has long warned taxpayers of scams targeting them and their personal and financial data, particularly around tax season.
March 13, 2025
A federal judge on Wednesday gave the deputies strikingly lenient sentences after finding them guilty of falsifying their Paycheck Protection Program applications.
Taxes March 13, 2025
By staying ahead of the recent changes the IRS made to Form 6765, accountants and other tax professionals can help businesses maximize their R&D credits while minimizing the risk of IRS audits and compliance issues.
Taxes March 13, 2025
If the last month before Tax Day this year is anything like the last few weeks of tax season 2024, expect a significant surge in tax-related scams as cybercriminals try to exploit unsuspecting taxpayers, warns security software company DNSFilter.
Taxes March 13, 2025
The IRS estimates that more than 1 million people across the country may have unclaimed tax refunds from tax year 2021, and they have until April 15 to submit their federal return.
Taxes March 11, 2025
The average tax refund amount for tax returns filed through Feb. 28 was $3,382, about 6.3% higher than the average refund of $3,182 through Mar. 1, 2024, the IRS said last week.
IRS March 10, 2025
The bill would claw back $20.2 billion in spending for the Internal Revenue Service passed as part of President Joe Biden’s signature green-energy Inflation Reduction Act.
Taxes March 7, 2025
In the wake of recent reports of workforce reductions at the Internal Revenue Service (IRS), President and CEO, Mark Koziel, CPA, CGMA, of the American Institute of CPAs (AICPA) released the following statement.
Taxes March 7, 2025
The Tax Blotter is a round-up of recent tax-related news briefs.
Taxes March 7, 2025
Even though the Tax Court is commonly thought of as the forum of last resort for appealing tax bills and other IRS issues, there is a way to appeal a Tax Court ruling. However, the chances of success of these appeals are often relatively low.