AICPA backs bill to make it easier to file for tax extensions
Two legislators introduced a bill to make it easier for individuals to calculate their tax liability when they file for...
About Victoria
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Victoria has contributed 90 entries to our website, so far.
Is it a trade or business? Or a hobby or investment?
May 27, 2023
Many Code provisions apply only to a “trade or business.” Various tax consequences can occur if an activity is instead...
New stock repurchase excise tax
May 9, 2023
The Inflation Reduction Act, P.L. 117-169, was signed into law on Aug. 16, 2022. The act included a new Sec....
Supreme Court holds FBAR penalty is imposed per report, not per account
May 9, 2023
The U.S. Supreme Court held Tuesday in a 5-4 decision that the $10,000 penalty for a nonwillful failure to file...
Beneficiary IRAs: A guide to the RMD maze
May 5, 2023
A newly acquired individual retirement account (IRA) is good financial news for the recipient, but clients may need help unraveling...
Recent Posts
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- Roth IRAs: 6 Scenarios to Consider Before a Conversion July 23, 2026
- IRS Offers Gift Tax Safe Harbor for Contributions to Trump Accounts July 16, 2026
- Taxpayers Advised They Can Ignore CP53E Notice — After Verifying Error May 18, 2026