Category Archives for Tax News
Pickleball Taxes – Who Knew?
Could Your Favorite Sport Cost You More Than You Think?From California to Arizona, this popular sport is sparking debate in some communities. Could you be subject to ‘pickleball taxes’?In the last
Read MoreCharity Scams: Protect Yourself from Fraud After Disasters
The Internal Revenue Service (IRS) has issued a notice urging taxpayers to be on guard for scammers posing as charities in the wake of Hurricanes Milton and Helene. They are seeing a wave of charity scams
Read MoreHurricane Helene Relief Programs: Essential Resources for Recovery
As we begin the recovery process from Hurricane Helene, it's crucial to be aware of the relief programs available for individuals and businesses in Florida, Georgia, South Carolina, North Carolina, and
Read MoreNew IRS Initiative to Combat Tax Scams
A Deeper Dive into this New IRS Collaboration with the Tax Industry to Protect Taxpayers from FraudThe IRS initiative to combat tax scams is part of a new joint effort aimed at protecting taxpayers
Read MoreTax Planning for TCJA Expiration: What You Need to Know
It’s that time of year when tax professionals begin reaching out to clients to plan for the upcoming tax season. This year, however, tax planning for TCJA expiration presents unique challenges due to
Read MoreProtect Yourself from IRS Tax Scams
The IRS's New Coalition Says It Has Your BackAs tax scams become more sophisticated, the IRS is stepping up its efforts to protect you, the taxpayer, from falling victim. The agency has launched the
Read MoreIRS Cracks Down on Non-Filers: Are You Prepared?
The IRS is turning up the heat on IRS non-filers, and if you haven't filed your tax returns since 2017, you could be in their sights. With the new resources provided by the Inflation Reduction Act, the
Read MoreSupreme Court Rules for IRS on Estate Tax and Life Insurance Proceeds
The Supreme Court unanimously ruled that life insurance proceeds used to buy back a deceased shareholder’s stock must be included in the estate's value for tax purposes.Background of the CaseThe case
Read MoreIRS Audit Focus Remains on Middle-Class Taxpayers
A recent report reveals that the IRS audits more middle-class taxpayers than high-income earners, contrary to President Biden's promises.The Audit FindingsThe Treasury Inspector General for Tax Administration
Read MoreIRS Warns of New Tax Scams Spread by Social Media
The Internal Revenue Service cautioned consumers to beware of tax scams spread by social media that prompted thousands of taxpayers to file overblown claims and held up their tax refunds.The scams center
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