You may have heard the term “deepfake” in the news. In a recent blog, the Association of Certified Fraud Examiners (ACFE) calls this “synthetic identity.” It’s not new, but it’s growing fast. Using AI...

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If you have a traditional or Roth IRA account, you’re likely familiar with its retirement-saving benefits. What you may not know is that funds in your IRA can be used to purchase your first...

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The Tax Cuts and Jobs Act (TCJA) significantly limited the types of theft losses that are deductible on federal income taxes. But a recent “advice memo” (CCA 202511015) from the IRS’s Office of Chief Counsel...

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The IRS Electronic Tax Administration Advisory Committee (ETAAC) released its 2025 annual report with recommendations for both the tax agency and Congress. Among other things, the committee recommends that the IRS update its tax...

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On July 4, President Trump signed into law the far-reaching legislation known as the One, Big, Beautiful Bill Act (OBBBA). As promised, the tax portion of the 870-page bill extends many of the provisions...

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Taxpayers in a dispute with the IRS may want to explore mediation. Often referred to as “alternative dispute resolution,” mediation offers a faster, more streamlined, less stressful path to resolution. It’s a voluntary, nonbinding...

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UPDATE: the bill has passed in the House. We will send a full analysis early next week. By now you've likely heard about the One, Big, Beautiful Bill. The United States Senate passed its proposed...

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The IRS’s Pre-Filing Agreement (PFA) program is designed to help resolve tax issues and produce greater tax certainty for large and international companies. Recently, the IRS introduced several enhancements. It launched a new landing...

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It’s wedding season, a time that’s generally filled with celebrations, gifts and planning. Amid the excitement, taxes might be the last thing on your mind. But the IRS reminds newlyweds to take a few...

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The IRS is warning of an increase in scams targeting older adults. These scams are designed to deceive or scare vulnerable individuals into paying fake penalties, ransoms or revealing personal information. Tactics range from...

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