Part two Professionals, including my fellow Certified Public Accountants (CPAs), should be aware of the mechanics of the ...

Some people end up in criminal tax trouble because they mishandle a civil IRS audit. Don’t engage in evasive or ...

Gifts you make throughout your lifetime can be protected from taxation by exclusions of many millions of dollars if you ...

People with Roth IRAs generally have to wait five years before withdrawing earnings from their account. But the devil is in ...

In a recent letter ruling, the IRS determined that a networking organization operated and organized to provide members of the ...

In a progressive tax system like ours, more than one tax rate applies to your income. Your marginal rate is your top tax rate ...

There are a lot of reasons to love Roth IRAs, but the tax rules governing them are complex. Here’s what you should know.

Taxpayers may be subject to the risk that an IRS examination could increase (or create) a gift tax or estate tax liability many years after a gift is made. Practitioners can help clients limit this ...

Recent final regulations offer guidance as to what Treasury and the IRS may consider an eligible method for partnerships and Sec. 987 QBUs held by partnerships to determine Sec. 987 gain or loss.

Tax practitioners should be familiar with the special rules that apply and issues that can arise when an accounting method change is made while a taxpayer is under IRS examination.

Walczak was sentenced to 18 months in prison in April 2025, ordered to pay $4.4 million in restitution, and given two years ...

Clear Start Tax Explains How the IRS Can Legally Withhold a Portion of Your Social Security and What Retirees Can Do About It ...