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 MoreA 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 MoreThe 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
Read MoreHomes often represent the biggest asset and area of expense for clients, making it crucial for tax professionals like my Tax Problem Solver team to help homeowners unlock savings and income opportunities
Read MoreUnderstanding the Littlejohn IRS Data BreachThe Internal Revenue Service (IRS) has notified over 70,000 taxpayers about a significant security breach, originating from the actions of former IRS contractor
Read MoreUnderstanding Senior Tax Breaks: A Guide for Ages 50 and OlderDid you know that several tax credits, deductions, and rules are specifically tailored based on your age? For instance, age might determine
Read MoreUnder the Radar No MoreThe Internal Revenue Service recently announced a campaign to investigate the use of corporate jets by large businesses and wealthy individuals. Although the announcement was made
Read More2024 presents the rare circumstance where it appears likely that both the Democratic and Republican candidates for president have already served in that office. We have already witnessed, therefore, 2024
Read MoreAct now to utilize estate tax exemptions before they decrease in 2025. Learn how with the right tax planning strategies.Maximize Your Estate Tax Exemptions Before Time Runs OutWith the Tax Cuts and Jobs
Read MoreTaxpayers beware: the IRS is renewing efforts to address the rising issue of nonfilers, aiming to recover billions in unfiled tax returns."The Growing Challenge of Nonfilers for the IRSThe Internal Revenue
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