The IRS is Auditing Fewer Returns than Ever

🖨 Print⏱ 3 min readShare by One of the perennial fears of taxpayers is getting audited by the IRS. Financially, few scenarios strike such fear into the heart of taxpayers. However, taxpayers can probably breathe a sigh of relief – … Continue reading →

🖨 Print⏱ 3 min readShare by COVID-19 impacted the economy dramatically and commercial real estate was no exception in terms of decreased values. Often, the real property could no longer service the debt used to finance it. This debt restructuring … Continue reading →

🖨 Print⏱ 4 min readShare by At the very end of March, the House of Representatives passed a version of the bill known as Secure 2.0. The bill passed the House with overwhelming bipartisan support in a 414-5 vote. The … Continue reading →

🖨 Print⏱ 4 min readShare by The IRS is currently suffering a severe backlog in processing returns from 2021 for the 2020 tax year. As of Dec. 31, there were still more than 6 million unprocessed individual returns with notices … Continue reading →

🖨 Print⏱ 4 min readShare by The taxation of legal settlements and fees is a complex topic. While the mechanics to make a proper claim are now easier, the rules are still complex. Below we look at six rules to … Continue reading →

🖨 Print⏱ 4 min readShare by No one knows for sure what 2022 will bring in the form of tax legislation, but there is certain to be some action. Top tax analysts think there are several topics that are likely … Continue reading →