Implications of legislative changes for R&E and software development costs
The 2017 law known as the Tax Cuts and Jobs Act (TCJA), P.L. 115-97, amended Sec. 174 to require capitalization and...
Tax Court: IRS counsel may reject administrative innocent-spouse approval
Sep 20, 2022
Although the IRS’s primary administrative unit for evaluating innocent-spouse requests concluded that a taxpayer was entitled to relief under Sec. 6015(c), the...
Passport revocation as a collection tool
Sep 16, 2022
The IRS has announced its intention to increase enforcement. Given the annual tax gap and anticipated federal budget increases, this...
IRS relieves penalties for 2019 and 2020
Sep 13, 2022
A broad range of tax and information returns for 2019 and 2020 tax years will receive automatic relief from failure-to-file...
Foreign earned income exclusion: Pandemic-related relief
Sep 9, 2022
Some individuals working outside the United States who filed 2019 or 2020 income tax returns and reasonably expected to meet...
Recent Posts
- IRS Finalizes Deduction Rules for Tips, Adds Eligible Jobs April 20, 2026
- IRS Dirty Dozen Adds New Capital Gains Scheme for 2026 April 16, 2026
- New Schedule 1-A for Tips, OT, Car Loans, and Senior Deductions Published March 12, 2026
- IRS Issues Higher 2026 Depreciation Limits for Passenger Automobiles March 9, 2026
- Practical Tax Advice for Businesses as a Result of the OBBBA – 7 February 16, 2026