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Taxes
IRS Names Guy Ficco As New Chief Of Criminal Investigation
The Internal Revenue Service has announced that Guy Ficco will become the new IRS Criminal…
10 Examples of Taxable and Nontaxable Income
Understanding what counts as taxable income and what does not can significantly impact your financial…
House Passes Terrorism Bill Targeting Nonprofits, Despite Concerns About Overreach
Last week, the House of Representatives rejected H.R. 9495, Stop Terror-Financing and Tax Penalties on…
How Senate Rules Could Slow Down Any GOP-Trump Tax Cuts
Soon after the 2024 elections results rolled in, the speculation began about what they might…
In Lawsuit Settlement Agreements, Tax Language Is Very Important
Almost every legal settlement includes a full release of claims. A release may recite some…
What Will Happen To Trump’s Tax Policy Agenda?
Donald Trump’s return to the White House combined with Republican control of the Senate, and…
State Election Outcomes Mixed On Property Tax, Cannabis, And Other Ballot Measures
While federal tax questions have dominated the headlines this election cycle, state and local taxes…
Former IRS Commissioner Cites Missed Opportunity In State Of The Union Address
Days after President Biden delivered his address on the State of the Union, people are…
Federal Agencies, Including IRS Criminal Investigation, Tout Money Mule Awareness
An exciting vacation to Thailand takes a turn in the movie “Brokedown Palace” when Alice,…
What Is the Tax Underpayment Penalty and How Can It Be Avoided?
Understanding tax payments and the potential repercussions of underpayment is crucial. The tax underpayment penalty…
5 Things You Should Know Now About IRS Form 3520
The 2023 tax filing season is in full swing. Taxpayers and tax preparers are currently…
When and How to Report a 1031 Exchange on Your Tax Return
A 1031 exchange allows certain real estate investors to defer capital gains taxes when selling…
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