Taxpayers may be subject to the risk that an IRS examination could increase (or create) a gift tax or estate tax liability many years after a gift is made. Practitioners can help clients limit this ...

The court refused to dismiss a taxpayer’s claim under Sec. 7431 against a company that employed an individual who made an unauthorized disclosure of the taxpayer’s tax return and information.

It was $30,000, $30,088.90 to be exact,” she said. Knipp deposited the check in a Truist account. “It’s money that I had ...

Most parents are relying on getting some money back this tax season to help make ends meet. In fact, 38% of moms plan to use their tax credit to chip away at their family’s debt ...

The institute is asking lawmakers to change provisions on SALT deductions for pass-through entities, contingency fees for tax ...

Why do you need a lawyer for an IRS audit? Have you received an IRS audit notification (IRS form letter 2205-A, 2205-B, or ...

The most recent IRS data shows Americans owed more than $157 billion in back taxes, penalties and interest for tax year 2022.

A Northern Westchester man known as “The Magician” for slashing clients’ tax bills using fraudulent methods will spend years ...

The IRS processed over 266 million returns and other forms from individuals, businesses, and tax-exempt organizations during fiscal year 2024 which covered the period from Oct. 1, 2023, to Sept. 30, ...

The IRS’s extended June 16 deadline gives you a little more time to prepare and file your return, along with any applicable ...

If you missed the IRS tax deadline, don’t panic. Here’s what you can still do in June 2025 to avoid bigger penalties and get ...

What is the child and dependent care credit? The child and dependent care credit is a tax break to help cover families’ child ...