Stephanie Murrin underpaid her taxes from 1993 to 1999 because her tax preparer, Duane Howell, placed false or fraudulent entries on her tax returns with an intent to evade tax. Murrin did not intend ...
The Achieving a Better Life Experience (ABLE) Act of 2014 allows states to establish an ABLE program to assist persons with disabilities in building up tax – free (or in some cases tax – deferred) ...
In an effort to increase the transparency and usefulness of the income tax footnote disclosures, FASB promulgated Accounting ...
A well-drafted engagement letter provides essential protection and important benefits to CPAs in tax practice and in other ...
The notice provides an optional interim simplified method of determining whether a corporation is an applicable corporation for purposes of the corporate AMT and relief from the Sec. 6655 penalty for ...
New legislation has expanded the already advantageous provisions for gain exclusion from a sale of qualified small business ...
(a), taxpayers may deduct expenses paid during the tax year for medical care, provided these expenses are not compensated by ...
Taxpayers who make frivolous arguments in Tax Court risk the imposition of penalties by the court of up to $25,000.
Michelle Buria, CFP®, MPAS®, AAMS®Managing Director, Wealth Management ChoreoMichelle is a managing director, Wealth ...
Final regulations provide comprehensive guidance for tax reporting of transactions involving these increasingly common assets ...
In Soroban Capital Partners, the Tax Court analyzed the roles, responsibilities, and capital contributions of three limited partners in a limited partnership and determined that they were limited ...
The IRS may grant a reasonable extension if the taxpayer provides satisfactory evidence of acting reasonably and in good ...