Recent Articles
What to Do If You Suspect Your Tax Preparer Is Under IRS Investigation
Learn the Warning Signs and Essential Steps to Protect Yourself Hiring a tax preparer is supposed to make tax filing easier and ensure compliance with complex regulations. However, if your preparer becomes the target of an IRS investigation, it could...
IRS Issues Tax Guidance on State Paid Family and Medical Leave Programs
New IRS Guidance on Paid Family and Medical Leave Programs The IRS recently issued Revenue Ruling 2025-4, which provides clarity on the income and employment tax treatment of contributions and benefits under state-mandated paid family and medical leave programs. This...
IRS Provides Tax Relief for California Wildfire Victims
Extended Deadlines and Key Benefits for Affected Taxpayers The IRS has announced significant tax relief for individuals and businesses impacted by the California wildfires and straight-line winds that began on January 7, 2025. Affected taxpayers now have until October 15,...
Minnesota Businessman Sentenced to 9 Years for Tax Fraud Scheme
Fraudulent Tax Returns Cause Nearly $7 Million Loss to the IRS A Minnesota businessman has been sentenced to 108 months in prison for orchestrating a tax fraud scheme involving falsified tax returns. His actions caused the IRS a loss of...
Virginia Businessman Sentenced for Tax Evasion and Fraud
IRS Collection Efforts Thwarted by Concealed Assets A Virginia businessman has been sentenced to 78 months in prison for evading employment taxes, filing false tax returns, and obstructing IRS investigations. His actions led to a tax loss of over $1.5...
What Happens if the 2017 Tax Cuts Expire?
Understanding the Financial and Economic Implications: Explore the Costs, Benefits, and Potential Impacts of Letting the 2017 Tax Cuts and Jobs Act Provisions Expire The 2017 Tax Cuts and Jobs Act (TCJA) introduced sweeping changes to the U.S. tax code....