IRS levy trumps decedent’s children’s claim to money held in usufruct
The Fifth Circuit affirmed a district court decision that an IRS levy against a decedent’s estate for unpaid taxes took...
Senators urge 2-D barcoding of paper-filed tax returns in 2023
Jun 1, 2022
Seconding a recent directive by the national taxpayer advocate, all 14 Republican members of the Senate Finance Committee wrote IRS...
Adopting a child: Tax planning considerations
May 27, 2022
Parents pursuing an adoption can use a CPA’s advice. The decision to adopt a child has lifelong implications, both emotional...
Report: IRS Destroyed 30 Million Paper Tax Documents
May 24, 2022
An audit by the Treasury Inspector General for Tax Administration (TIGTA) has found that the Internal Revenue Service made an...
Schedules K-2 and K-3 e-file capability postponed for S corporations
May 19, 2022
The IRS has delayed by more than a month the rollout of an electronic filing protocol for Schedules K-2, Shareholders’ Pro...
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