The IRS is warning businesses to watch out for Employee Stock Ownership Plan (ESOP) compliance issues. ESOPs are complex arrangements that enable employees to purchase company stock. But they can also be abused, and...

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Certain contractors may qualify for a special tax credit when they build or substantially reconstruct qualified energy efficient homes. The expanded credit, now worth up to $5,000 per home, is part of the Inflation...

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Homeowners and renters may be eligible to claim an Energy Efficient Home Improvement Credit (EEHIC) for 2023 if they get a home energy audit. New IRS interim guidance provides general requirements for an energy...

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The Setting Every Community Up for Retirement Enhancement (SECURE) 2.0 Act was recently signed into law. Designed to encourage employers to offer retirement benefits and encourage employees to participate in these retirement plans, the...

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Timing is everything, especially with tax filing deadlines. Taxpayers who have active cases with the U.S. Tax Court may be able to use the IRS e-filing system known as DAWSON to quickly upload documents....

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Have you recently won playing the lottery or slot machines? Or perhaps that horse you bet on finally came in first place? If so, congrats! Now, don’t forget that Uncle Sam generally requires a...

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The airwaves and internet are inundated these days with advertisements claiming that businesses are missing out on the lucrative Employee Retention Tax Credit (ERTC). While some employers do indeed remain eligible if they meet...

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U.S. Treasury Secretary Janet Yellen and IRS Commissioner Daniel Werfel met recently to discuss the tax agency’s Strategic Operating Plan (SOP). With nearly $60 billion of new funding over 10 years, Yellen said modernization...

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Before long, students will be heading off to college or trade school. Higher education is expensive, but taxpayers who take post-high school coursework in 2023 (or who have dependents taking such courses) may qualify...

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Tax season may be long over, but tax scams are thriving. The IRS is warning taxpayers about emails and text messages that promise refunds and credits, but that actually result in identity theft. Many...

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