With an exemption amount of $15 million per individual (generally $30 million for married couples), the federal estate tax doesn’t apply to many people i...
Filed a Tax Extension? Don't Wait Until October to File
Did you request an extension to file your 2025 individual federal income tax return? If so, you ha...
The IRS is providing tax-filing relief for certain 2026 World Cup participants. Typically, tax-exempt organizations must file Form 990, Return of Organizat...
IRS Whistleblower Program: How Reporting Tax Fraud Can Lead to Rewards
National Whistleblower Appreciation Day is July 30. Since the IRS program’s incep...
Making large gifts to your family can significantly reduce the size of your taxable estate. But hard-to-value gifts, such as interests in a closely held bu...
A new bill in the U.S. House would enable philanthropic organizations and states to make unlimited contributions to Sec. 530A accounts (also known as Trump...
Do you have a health savings account (HSA)? If you’re covered by a high-deductible health plan (HDHP) or Bronze or Catastrophic plan available on state a...
A bipartisan tax bill that could improve tax administration and reduce burdens for taxpayers advanced out of the Senate Finance Committee on July 30. The T...
Cryptocurrency holders: Be alert for a new IRS impersonation scam. Fraudsters are mailing fake IRS letters directing recipients to a bogus “Digital A...
Business owners have access to more financial and operational data than ever before. The challenge is identifying the most useful information and presentin...