Tax & Compliance Advisor

Taxes February 25, 2025 

WalletHub released a new study of the states with the highest property tax rates to give prospective homebuyers a better understanding of how much they can expect to pay each year.

AICPA February 25, 2025 

The AICPA cites the need for these updates to ease the confusion created by disaster relief due to the multiple deadlines for various actions necessary to be eligible for the qualified disaster loss.

Isaac M. O'Bannon

Taxes February 25, 2025 

Generally, self-employed individuals are required to pay annual self-employment tax, the equivalent of FICA tax for employees, on most business earnings.

Ken Berry, JD

Taxes February 25, 2025 

In total, these claims sought refunds of over $98 million, of which the IRS paid approximately $33 million. McCoy personally received over $1.3 million in fraudulent refunds and was...

Isaac M. O'Bannon

February 21, 2025 

The Tax Blotter is a round-up of recent tax news briefs and tax court rulings.

Ken Berry, JD

IRS February 20, 2025 

The purge largely targeted newer “probationary” employees who have fewer protections than long-term workers.

IRS February 20, 2025 

A technical glitch prevented officials from notifying thousands of IRS employees via email that they were being terminated. The agency had to resort to paper.

Accounting February 20, 2025 

The beneficial ownership information reporting roller coaster that has been ongoing for the past two months because of various lawsuits is finally pulling into the station after a federal district court in Texas on Feb. 17 lifted the final nationwide injunction that had put the mandatory small business filings on hold since last December.

Jason Bramwell

Taxes February 20, 2025 

No one can say with certainty but lawmakers are hopeful that the partisan bickering that's dominated Washington debate will subside on the disaster tax relief issue.

IRS February 19, 2025 

National Treasury Employees Union Chapter 66 president Shannon Ellis said the union had been informed by IRS leadership that as many as 1,000 probationary employees would be let go this week.

Taxes February 19, 2025 

As it has become a more common asset among your average investors, these folks have had many questions about the tax implications of investing in cryptocurrency, or virtual currency, as it is also known. The answers can be somewhat complicated.

Taxes February 18, 2025 

You live together, you work together, you may even have children together. But does being partners in life automatically make you partners in business?

Nellie Akalp