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Taxes
IRS Will Deny Billions Of Dollars Of ‘Clearly Improper’ Employee Retention Credit Claims
After a detailed review, the IRS says it plans to deny tens of thousands of…
How an Employee Stock Purchase Plan (ESPP) Is Taxed
One common question from employees with employee stock purchase plans is if there’s an employee…
Federal Court Grants Summary Judgment Motion On Willful FBAR Penalty
Litigation in federal court is analogous to a game of chess. Although each side has…
How to Receive Charitable Tax Deductions
Every year, charitable individuals and households make one saying a reality when they make a…
Government Files Notice Of Appeal After Corporate Transparency Act Deemed Unconstitutional
(Author’s Note: Edited to reflect Statement from the Treasury.) You knew it was coming: the…
Who Is Eligible for the Earned Income Tax Credit (EITC)?
The earned income tax credit can provide substantial financial benefits for low-income working individuals and…
DOJ Alleges Decades-Long Tax Scheme To Hide Foreign Assets From IRS
On March 11, 2024, the Department of Justice (DOJ) announced that a Florida man had…
My Dad Left Me $450k in an IRA, But I’m in the 32% Tax Bracket. How Should I Structure My Withdrawals?
There are a couple of different sets of rules around inherited IRAs and you’re subject…
Don’t Skip The IRS ‘Yes Or No’ Crypto Tax Question On 2023 Tax Returns
There is a lot of talk about crypto investors and tax compliance, but a yes…
What Is a Flat Income Tax and How Does It Work?
A flat income tax system is one where everyone is taxed at the same rate,…
Many Taxpayer Assistance Centers Provide Saturday Service
In addition to reopening many Taxpayer Assistance Centers and providing pop-up style service to taxpayers…
What Is a Graduated Income Tax?
A graduated income tax is the same thing as a progressive income tax system, where…
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