Lawmakers Press IRS to Extend Late Fee Relief
Lawmakers are pressing the Treasury Department and the Internal Revenue Service to extend the deadline for COVID-19-related taxpayer penalty relief...
IRS raises per diem standard rates for business travel
Oct 11, 2022
The special per diem rates by which taxpayers may substantiate ordinary and necessary business expenses of travel away from home...
Deferred compensation deduction and the sale of a business
Oct 7, 2022
It is sometimes said “The exception makes the rule.” In the case of the Internal Revenue Code, then, perhaps the...
Supreme Court to resolve FBAR penalty dispute
Jul 1, 2022
The U.S. Supreme Court on Tuesday agreed to hear the case of Romanian-American businessman Alexandru Bittner, who was held liable...
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