Advisory September 16, 2026
Your Client Has 501(c)(3) Status. Is Its Illinois Real Estate Exempt?
State sales tax exemptions and property tax exemptions, often do not flow with federal public charity status.
Taxes April 18, 2024
Boston IRS Agent Charged With Tax Fraud
Ndeye Amy Thioub was indicted on three counts each of filing false tax returns and filing false tax returns as an employee of the U.S.
Taxes April 18, 2024
IRS Raids Home of Rapper Tekashi 6ix9ine, Seizes Cars and Other Items
The rapper, whose legal name is Daniel Hernández, had his property seized for “nonpayment of internal revenue taxes.”
Taxes April 18, 2024
When Rogue Brokers Switch People’s ACA Policies, Tax Surprises Can Follow
Some tax returns are being rejected because filers failed to provide information about ACA coverage they didn't know they had.
Taxes April 17, 2024
IRS Extends RMD Tax Relief for Inherited IRAs
This relief was provided to certain RMDs in 2021, 2022, and 2023, and is being extended in Notice 2024-35 to 2024.
Taxes April 17, 2024
AICPA: Clarification Is Needed for Form 990 Series
The AICPA’s comments also include a matrix for the Form 990 series which focuses on specific sections and the recommendations for those sections.
Taxes April 17, 2024
Canada Set to Start Taxing Tech Giants This Year Despite U.S. Complaints
The digital services tax currently before Canada's Parliament would impact U.S.-based companies like Alphabet and Meta Platforms.
Taxes April 17, 2024
IRS Updates FAQs on Electric Vehicle Tax Credits
The revised FAQs pertain to the new, previously owned, and qualified commercial clean vehicle credits.
Taxes April 17, 2024
IRS Touts Strong, More Efficient 2024 Tax Season
It’s Tax Day, so there’s no better time for the IRS to pat itself on the back for a job well done as filing season ends for most Americans.
Taxes April 16, 2024
IRS Says Work-Life Referral Services Are a De Minimis Fringe Benefit
The use of such referral and information services would be excluded from employees' taxable gross income, according to the IRS.
Taxes April 16, 2024
Bidens Paid 23.7% Effective Federal Tax Rate in 2023
President Joe Biden and first lady Jill Biden paid $146,629 in federal income taxes on a combined $619,976 in AGI last year.
Taxes April 16, 2024
Tax Refunds Dropped by 3.3 Percent in 2024
Fewer U.S. taxpayers have received a refund this year in the run-up to tax day compared to 2023, signaling some consumer spending may be disrupted.
Taxes April 16, 2024
Florida Lawyer Gets 8 Years in Prison for Fraudulent Charity Tax Claims
A Florida attorney was sentenced today to eight years in prison for conspiring to defraud the United States and tax evasion.