Taxes December 12, 2025
IRS Says Financial Crimes Surged Nearly 16% in 2025—Up to $10.6B
Of the $10.59 billion, $4.5 billion resulted from tax fraud, marking an increase of 111.8% from FY24, the agency said this week.
Taxes August 14, 2023
Trust In Irrevocable Life Insurance Trusts
Many limitations have been placed on traditional tax shelters over time, but the benefits of “irrevocable life insurance trusts” (ILITs) remain intact.
Taxes August 11, 2023
AI Tax Tech That Sniffs Out Tax Evasion Gets $12.5M in Funding
The system is currently used by major tax agencies around the world, including the Internal Revenue Service's Criminal Investigation Division and multiple states' tax authorities in the U.S.
Taxes August 11, 2023
IRS Warns Employers About Abusive ESOP Schemes
The IRS has concerns that employee stock ownership plans are being used by some wealthy taxpayers as a tax avoidance tool.
Taxes August 11, 2023
Tax Pointers on Mortgage Points
Points paid on a new mortgage are fully deductible if you meet certain tax law requirements. Notably, the acquisition debt must be secured by your principal residence and ...
Taxes August 11, 2023
Some Republicans Crack Open Door to Child Tax Credit Deal
At-risk freshmen and centrist groups in the GOP view the child credit as an important policy tool that has across-the-aisle support.
Taxes August 10, 2023
Treasury, IRS Issue Final Rules on Bonus Energy Tax Credits for Poorer Communities
A new program gives eligible solar and wind facilities in low-income areas increased investment tax credits of 10% or 20%.
Taxes August 10, 2023
Texas A&M Axes NIL Fund, ‘12th Man Plus,’ After IRS Memo
An IRS memo in June said name, image, and likeness collectives may not qualify as tax-exempt if the main objective is paying players.
August 7, 2023
IRS Targets Monetized Installment Sales in Proposed Regs
Under the proposal, monetized installment sale deals would be considered listed transactions by the IRS.
Taxes August 7, 2023
IRS Seeks Advice on How It Can Improve Dispute Resolution Programs
Over the past two decades, the IRS has offered four principal post-filing alternative dispute resolution programs.
Taxes August 7, 2023
Treasury, IRS Set to Propose New Rules on Section 5000D Drug Excise Tax
Proposed regulations are coming on a new tax imposed on sales of “designated drugs,” established by the Inflation Reduction Act.
Taxes August 4, 2023
Home Energy Audits Are a Key Part of Qualifying for New Tax Credit, IRS Says
The IRS informed taxpayers on the home energy audit requirements in order to claim the energy efficient home improvement tax credit.
Taxes August 3, 2023
The Tax Blotter – August 3, 2023
Under current law, net operating losses (NOLs) can no longer be carried back for two years, but they may be carried forward indefinitely.