A Tip on passing down your vacation home: Establish a Family Limited Partnership Family Limited Partnerships are powerful estate planning tools that enable the smooth and tax-efficient transfer of business ownership from one generation to the next. If you own…

The Criminal Investigation Division’s (CI) annual report has been released by the Internal Revenue Service. The report highlights the agency’s successes and criminal enforcement actions taken in fiscal year 2020, the majority of which occurred during COVID-19. A key achievement…

The Internal Revenue Service(IRS) issued its annual inflation adjustments at the end of October for tax year 2021, revising more than 60 tax provisions, including tax rate schedules, standard deduction amounts, and more. The standard deduction for married couples filing…

As the 2019 tax filing season gets into full swing, the Internal Revenue Service reminds taxpayers who owe of the many easy payment options.

The Internal Revenue Service warned taxpayers to check their income tax withholding for almost all of 2018 due to how the Tax Cuts and Jobs Act affected tax brackets. The IRS announced it would waive the penalty for not paying enough estimated tax if affected taxpayers met most of their tax liability in 2018.