There are three status updates which the taxpayer might see: “received return,” “refund approved,” or “refund sent.” If the ...
Are you aware of the Taxpayer Bill of Rights?  We are reminded, especially during tax season, that taxpayers have 10 ...
On December 2, 2024, the U.S. Department of the Treasury (“Treasury”) and the Internal Revenue Service (the “IRS”) published ...
Prediction-market winnings are taxable income, even if platforms don’t send a notice reporting the money to the recipient and ...
Prediction-market winnings are taxable income, even if platforms don’t send a notice reporting the money to the recipient and ...
A new amendment to House Bill 1004 would create an excise tax that would penalize hospitals found to be over-charging ...
Settlements in the employment law context can set up thorny tax issues for employers. In this alert, we will discuss two key issues companies ...
For federal estate and gift tax purposes, transfers are valued at the “fair market value” of the asset on the date of transfer. One of the more ...
People will spend an average of $290 on filing their tax returns this year, according to IRS estimates. Individuals will pay $160 on average for tax prep, while the typical business owner will pay ...
Background - Many defined contribution plans are designed to permit participants to take advantage of an increased employee contribution ...
The Internal Revenue Service (“IRS”) issued proposed regulations regarding the provisions of the SECURE 2.0 Act of 2022 (“SECURE 2.0”) that relate ...