Taxes
Latest Taxes News
“Your Voice At IRS” Is Optimistic About Levels Of Taxpayer Service After Difficult Years
At the height of the pandemic, between October 1, 2020, and September 30, 2021, the Taxpayer Advocate Service (TAS) received…
After Months In Limbo, Child Tax Credit Bill Fails To Advance In The Senate
More than six months after the House of Representatives passed a tax deal that would restore bonus depreciation, end the…
Kamala Harris Has Favored Taxes To Raise Revenue And Change Policy
It is too soon to know the details of presumptive Democratic presidential nominee Kamala Harris’s 2024 tax agenda. But her…
How To Survive An IRS Employment Tax Audit
In recent years, the IRS has devoted more resources to employment tax matters. In addition to standard non-reporting and non-payment…
Back To School…Estate Planning? POAs For College Bound Kids
Every year when August arrives, many high school graduates and their parents turn their attention to the college bound chaos…
Pennsylvania Is Latest State To Sign On To The 2025 IRS Direct File Program
Pennsylvania has joined the list of states that will participate in the IRS Direct File program in 2025. The move…
No, Bitcoin Won’t Solve Our National Debt
At a Bitcoin conference last weekend, Senator Cynthia Lummis (R-Wyo.) announced forthcoming legislation that would direct the Treasury to buy…
What to Know About Form 8889 for HSAs
If you’ve made contributions to or taken distributions from a health savings account (HSA), the IRS requires you to report…
Gifts Today, Taxes Tomorrow: The Interplay Between Gift And Estate Tax
The intricacies of federal tax laws can be daunting, especially when it comes to understanding how gift and estate taxes…
Why Eliminating Tax On Social Security Benefits Is Bad Policy
Former President Donald Trump has joined other politicians advocating for abolishing taxes on social security benefits. The idea may make…
