Taxes September 2, 2026
Tax Court Penalizes ‘Pretty Sophisticated’ Taxpayer
Depending on the situation, the IRS may have discretion to hand out some of these penalties or to cut unknowing taxpayers some slack.
Accounting November 18, 2022
Theranos Founder Elizabeth Holmes Gets 11 Year Prison Sentence for Fraud
Theranos founder Elizabeth Holmes has been sentenced to 135 months — or more than 11 years — in prison, following her conviction for felony fraud in one of the most closely and widely watched trials in Silicon Valley history.
Taxes November 18, 2022
Former Trump Org CFO Testifies He Kept Two Sets of Books
Allen Weisselberg described how he and other executives illegally saved hundreds of thousands of dollars on taxes.
November 18, 2022
Unprofitable Startups May Owe 2022 Taxes
A provision in the Tax Cuts and Jobs Act (TCJA) changes how tax law treats research and development expenses ... pushing many money losing startups into owing taxes.
Taxes November 16, 2022
Ex-Trump Org CFO Implicates Company in Tax Fraud Case
Allen Weisselberg pleaded guilty in August to the multi-year tax fraud scheme at the heart of the case.
Taxes November 15, 2022
Controller for Trump Org Deemed Hostile at Tax Fraud Trial
Jeffrey McConney admitted to helping executives cheat on their taxes while working down the hall from Donald Trump.
November 15, 2022
Retailers and Manufacturers Can Get Tax Deduction with Product Philanthropy
If product philanthropy hasn’t been on your radar as a year-end strategy for such clients, here are some insights into why in-kind donation might be one way of boosting their bottom lines.
Taxes November 14, 2022
Buy an EV Now or Later? The Tax Credit Rules are About to Change
Qualification requirements change in January following the passage of the Inflation Reduction Act.
Taxes November 11, 2022
Longtime Trump Executive Details Rampant Tax Fraud at NYC Trial
Jeff McConney took the stand Nov. 10 and acknowledged illegal practices at the Trump Organization.
November 10, 2022
Some Tuition Costs Can Qualify for Medical Tax Deduction
If you have children in college, you may be able to claim one of two higher education credits for qualified expenses, although these tax benefits are phased out for upper-income taxpayers.
Taxes November 10, 2022
House Panel Urges Supreme Court to Allow Access to Trump Tax Returns
Ways and Means Chair Richard Neal urged justices to reject Donald Trump’s request to pause lower court rulings.
November 9, 2022
Home Health Costs Can Be Tax Deductible
If the aide performs other household chores like cooking and cleaning, you must apportion their wages. Only the part allocable to medical care is deductible as a medical expense.
November 8, 2022
Good Documentation Helps Small Business Clients Prepare For Audits
Unfortunate as it may be, you know that small business clients too often neglect their bookkeeping, expense documentation, and other tax-related responsibilities.