Persistent inflation, elevated interest rates and volatile energy costs continue to squeeze profit margins for many small and midsize businesses. While imp...
A properly structured grantor retained annuity trust (GRAT) can be a powerful tool for those with estates large enough that gift and estate taxes are a con...
Would you know what to do if you received a CP14 notice from the IRS informing you that a tax balance is due when, in fact, you’ve paid your tax bill? Ac...
The IRS has announced that it will issue proposed regulations addressing the excise tax on excessive compensation to employees of tax-exempt organizations....
The U.S. Treasury’s Financial Crimes Enforcement Network (FinCEN), in coordination with the IRS and other federal government agencies, is warning banks a...
The ultimate success of a business often comes back to decisions made at its inception. If you’re planning to start a business, one key decision is choos...
Emergencies can strike your home at any time, whether it’s a natural disaster, such as a hurricane or wildfire, or another event, such as an electrical f...
In response to ongoing threats to tax and payroll data, the IRS and Security Summit partners have introduced a new framework to better protect taxpayers fr...
The IRS has announced that 27 states have elected to participate in the Federal Scholarship Tax Credit (FSTC) program. Under the program, beginning in 2027...
The IRS has published its annual Data Book for fiscal year (FY) 2025. It provides a statistical overview of the tax agency’s operations. A few highlights...