Our Insights

ARPA exempts the first $10,200 of unemployment compensation per person for 2020.

The due date to file and pay 2020 individual tax returns (Form 1040) is postponed to May 17, 2021. Penalties and interest will not accrue before May 18.

Question of the Week 3/31/21: Two clients had outstanding 401(k) loans when they lost their jobs due to COVID-19. Will they qualify for the 2020 retirement plan loan offset rules?

An S corporation shareholder took distributions from his business, guaranteed a business loan and co-signed a loan in 2020. How does this affect his basis?

The American Rescue Plan Act (ARPA) makes a third round of stimulus payments, suspends tax on unemployment benefits, and temporarily modifies family and small business tax benefits.

Question of the Week 2/17/21: How do the self-employed calculate tax credits for COVID-19 sick and family leave?

Potential tax consequences, heavy recordkeeping, and complications with other government benefits could surprise some families with ABLE accounts, if they’re not prepared.

Is unemployment income subject to kiddie tax? Short answer is yes, find out more here.

Question of the week: Four full-time college students have asked about the recovery rebate credit. When can a college student claim the recovery rebate credit?

In this article we go over the calculation steps and use examples to explain how the RRC works from the new set of FAQs on the recovery rebate credit (RRC) now available on IRS’s website.

Question of the Week 2/10/21: Can my client transfer funds from his traditional IRAs to a backdoor Roth and what are the tax consequences of doing so?

Hiring workers will inevitably make a small business’ tax filings more complex in many ways. Careful planning can help prevent later headaches.

Final regulations implement changes the TCJA made to small business accounting rules. Learn more about the simplified tax accounting methods.

Question of the week: When is Form 8915-E used to report COVID-19 distributions by qualified individuals? Find out from The Tax Institute at H&R Block

Question of the week: A small business client applied for a second draw PPP loan. Which expenses can be forgiven? Are expenses paid with the forgiven loan deductible?

The IRS has released the final version of Form 1040 instructions for tax year 2020.

QOTW: 1/21/21 What life-changing events make Medicare recipients eligible to appeal Medicare premium increases, an income-related monthly adjustment amount (IRMAA)?

Notably, the final regulations generally allow state and local law to determine if property transferred in an exchange is real property.

Question of the Week 12/09/20: How to make qualified HSA funding distributions

Question of the week: Can a taxpayer use their prior year earned income to figure their 2020 EIC or ACTC credits? What about gross income and AGI?

The new law provides that taxpayers are allowed deductions because of the exclusion from income of the recipient’s forgiven PPP loan.

Learn about how the IRS treats cryptocurrency transactions. We explain what counts as cryptocurrency, tax rules, and when to check the cryptocurrency box on Form 1040.

Learn about key changes under the CARES Act, FFCRA, and other legislation passed in response to COVID-19, and others that will impact 2020 tax returns filed during 2021.

Consolidated Appropriations Act (CAA) of 2021 provides a new round of stimulus, expands unemployment, and contains more Covid related tax provisions for individuals and businesses.

Find out the latest information on the 2020 coronavirus stimulus payment (rebate) paid as an advance credit to eligible individuals.

Question of the week: My clients are caring for a foster child placed with them around midyear. Can they claim him as a dependent and for the child tax credit?

IRS guidance provides relief for taxpayers to make or change elections based on bonus depreciation regulations.

A self-employed client wants to take advantage of the self-employment tax deferral under the CARES Act. How is that accomplished on his tax return?

IRS requires disclosure of virtual currency transactions with the virtual currency checkbox on Form 1040 and provides guidance on hard forks and air drops of virtual currency.

The $10,000 cap on state and local taxes (SALT) doesn’t apply to state income taxes paid by passthrough entities.

Is a small employer required to pay sick leave under FFCRA because an employee with COVID-19 must quarantine? What if other employees must quarantine?

Question of the week: What are the pros and cons of the different HRAs available to a small business owner with three employees?

Learn how employers who chose the payroll tax deferral starting with the first Sept. pay period through the end of 2020 should handle Forms W-2 and W-2c.

Question of the week: If 10% tax was withheld on a coronavirus-related retirement distribution, can the tax be allocated over three years?

With the premiere of another chapter in the story, The Tax Institute explores some potential tax issues from the “Star Wars” universe.

Question of the week: Can an S corp deduct the entire cost of holiday parties for the whole staff and planning sessions only for owners of the S corp?

Final regulations from the Treasury Department and IRS address changes made by the TCJA to business meal and entertainment expense deductions.

Question of the week: What tax, labor and other considerations are involved when business owners hire their children? The Tax Institute explains.

Question of the week: May a taxpayer deduct the cost of transportation, meals, and lodging to stay near her business office?

Final regulations do not apply the zero exemption amount to the qualifying relative gross income test for 2018-2025 and clarify alimony rules for the support test.

IRS guidance on the SECURE Act addresses post age 70½ IRA contributions, qualified birth and adoption distributions, and a new small business tax credit.

Question of the week: Can penalties and interest be waived for a return timely filed through a private delivery service? Does the mailbox rule apply?

Question of the week: How does the SECURE Act coordinate traditional IRA contributions and qualified charitable distributions (QCDs)?

Question of the week: Is home tutoring to supplement distance learning a qualifying expense for the dependent-care FSA? Find out from The Tax Institute.

ITINs unused in the last three tax years or issued before 2013 must be renewed. Learn more about ITIN renewal from The Tax Institute.

The Treasury Department postponed the due date for paying and filing 2019 federal income tax from April 15 to July 15, 2020 due to COVID-19.

New rules call for expiration, deactivation, and ITIN renewal for millions of taxpayers. Here's how to prepare for ITIN renewal.

While the IRS has discretion to audit taxpayer returns for the same issues on subsequent years, taxpayers can invoke an IRS policy to try to suspend the repetition

Here’s what we know and what we don’t know about business mileage deductions for drivers using ride-sharing apps

A provision in the CARES Act treats qualified improvement property (QIP) as 15-year property, making it once again eligible for 15-year MACRS depreciation or bonus depreciation.

Final regulations provide a safe harbor and define the quid pro quo principle for business entity payments to certain charities in return for consideration.

The deadline for filing Form 2290, Heavy Highway Vehicle Use Tax Return, is August 31, 2020, for the taxable period that runs from July 1 through June 30.

Question of the week: What does repaying unemployment benefits mean for taxes? Can you net the repayment with the benefits? Is there a deduction or credit?

Benefits for individual Native Americans are taxable, but some specific and common exclusions can apply

Families First Coronavirus Response Act (FFCRA) signed Mar. 18, 2020 requires coronavirus emergency leave for certain employees and tax credit for employers.

Find out more about employer payroll taxes with a helpful checklist from The Tax Institute.

Question of the week: A client visited the U.S. for part of two years. She left in late 2019 and returned in early 2020. Does her residency status lapse?

The three-year extension for passing the special enrollment exam (SEE) now applies to parts passed on or after June 1, 2020 as well as parts not expired as of February 29, 2020.

Find out when you should either depreciate or expense a business asset including rules for bonus depreciation, with help from The Tax Institute.

Question of the week: What are the options for inherited IRAs and RMDs under the CARES Act?

Learn what money instruments are considered cash and how taxpayers should report business-related payments over $10,000, which may now be batch filed.

Learn about the CARES Act’s allowance of special tax treatment for COVID-related distributions and loans from retirement plans.

PTIN fees of $35.95 will be collected for tax season 2021. The fee is $21 plus a $14.95 vendor fee. PTIN applications and renewals will start in fall 2020.

Question of the week: Is income earned by a teenage dependent self-employment income? Does the teen have to file a return and pay self-employment tax?

A new revenue procedure changes the partnership audit procedures for amending 2018 and 2019 partnership returns (Form 1065).

Final qualified business income deduction regulations explain how suspended and disallowed losses, including excess business losses, work with the QBID.

Question of the week: My client’s PPP loan was partially forgiven. Is the forgiven debt taxable? Can she still deduct business expenses paid with the loan?

The IRS has updated for 2020 and 2021 its listing of vehicles that qualify for the up to $7,500 qualified plug-in electric drive motor vehicle credit.

How the qualified business income deduction (QBID) impacts which entity taxpayers choose including information for corporations, partnerships, and sole proprietors.

The CARES Act allows taxpayers to waive required minimum distributions (RMDs) for 2020. Learn which RMDs are eligible and the date for repayment.

Proposed regulations give employers methods for determining the disallowance of an employer deduction under the transportation fringe benefits rules.

Question of the week: A client has come in and asked if he must file his 2019 tax return by July 15, 2020. Is there any benefit for him to wait?

For post-death tax planning, the personal representative should identify the deceased person’s assets, notify payers, and handle any financial or tax issues for the deceased.

Employees with restricted stock should evaluate the company’s outlook – and consult with an experienced tax advisor when deciding on the right tax treatment

Taxpayers can avoid IRS impersonator phone scams by knowing how the IRS really works

A client retired from the military and receives a retirement pension for length of service and also has a 30% VA disability rating. Can he reduce his taxable retirement military pension by the percentage of his VA disability rating?

Find out more about COVID-19 related business payroll protection program including rules for time to repay loans for employee retention credit purposes and business expenses

Learn more about the COVID employee retention credit, including who qualifies for the credit and how to claim it.

New proposed regulations, for the first time, supply a definition of “real property” for §1031 purposes.

High deductible health plans (HDHPs) may offer novel coronavirus (COVID-19) health benefits before the minimum deductible is met and not jeopardize HSA-eligible status.

Read more about family and dependent tax oddities including information on how unrelated people can be qualifying relatives, dependents living in Mexico or Canada, and the rules for dependents claiming dependent tax benefits.

Proposed regulations clarify the tax treatment of two types of health care: direct primary care (DPC) arrangements and health care sharing ministries.

Question of the week: Clients took early retirement distributions from IRAs after coronavirus furloughs. Are distributions subject to tax and penalty?

Question of the week: Can taxpayers deduct their daughter’s medical expenses even though she doesn’t qualify as their dependent?

Substantially equal periodic payments (SEPP distributions) allow early access to retirement funds, penalty-free, with tight restrictions

Updated reporting requirements impact tax-exempt organizations with receipts of $50K or less, 501(c)(3) charitable organizations and 527 political organizations.

Proposed regulations redefine “family” for premium tax credit purposes to mean the taxpayer, spouse, and dependents listed on the taxpayer’s tax return.

Question of the week: Can someone who planned to live and work abroad for 2020 but returned to the US because of COVID-19 exclude foreign earned income in 2020?

Question of the week: Client’s employees want to change their 2020 elections due to COVID-19. Can the client allow employees to make mid-year changes?

When setting up a business, many factors come into play, but the most important considerations include the choice of entity. In this article, learn about the tax factors to make the best choice for your business.

Beneficiaries may be able to claim some deductions that were not deductible by the estate or trust on the final Form 1041 under proposed regulations.

Special rules tell when the military and spouses pay state taxes in one state, multiple states, or even no state if there is a military state tax exemption

Financial incentives for energy efficiency such as tax breaks, special financing, and private-sector programs can help individuals and businesses make greener updates

The IRS has issued a pair of notices providing additional relief for employers’ cafeteria plan offerings, including health insurance, health FSAs, and dependent care FSAs.

Question of the week: Can nonresidents who stay in the U.S. too long for substantial presence test or treaty purposes because of COVID-19 travel restrictions use the medical condition travel exception?

Find COVID-19 / coronavirus tax relief resources including the July 15 deadline for payments and filing and links to other resources, continually updated

Question of the week: Is there a credit available for installing personal use or residential electric vehicle recharging equipment?

The CARES Act creates business assistance with tax benefits including employer retention credit and penalty relief. Also, find more information on small business assistance available through the SBA.

When setting up a business, many factors come into play but the most important considerations include the choice of entity. In this article, learn about the nontax factors business owners must evaluate to make a choice of entity.

Taxpayers with foreign investments should be sure to meet U.S. tax requirements or face penalties. Find out more information here.

Prevention is best – but taxpayers can take specific steps when inherited assets cause more problems than they’re worth by disclaiming an inheritance.

Question of the week: Our clients got a partial refund of their child’s tuition expenses paid from a 529 plan. Is it taxable? Can they put the refund back in the 529 plan?

IRS announces cross-border guidance for individuals and businesses whose activities and international travel plans have been disrupted due to the pandemic.

Despite lack of IRS guidance in the emerging area of crowdfunding and taxes, taxpayers and their advisors should be aware that different tax rules apply to various types of income and donations made through online fundraising

Question of the week: A client sold two different stocks, then he repurchased them a few weeks later. Can he offset his wash sale losses with wash sale capital gains?

Individuals who are auctioning or leasing parking spaces should look into the tax implications

Question of the week: What is the maximum HSA contribution when insurance covers a taxpayer and her nondependent child? Can the taxpayer’s HSA funds pay expenses for the covered nondependent child? Can the HSA funds pay expenses for a dependent child who is covered by a different plan?

The IRS waived the 2019 foreign earned income exclusion time requirement in the Democratic Republic of the Congo, Haiti, Iraq, Sudan, and Venezuela.

Final regulations on offers in compromise (OICs) increase user fees and provide a new way for low-income taxpayers to receive a waiver of the fee.

The CARES Act modified the rules for NOLs, replacing some of the rules made by the Tax Cuts and Jobs Act. Read more here.

The IRS rules for dependents can be confusing especially when various generations live under the same roof. Find out more about the oddities of tax law family benefits here.

Question of the week: Can a Roth IRA contribution be recharacterized as a deductible IRA contribution? How would taxpayers account for a loss?

In light of the law that eliminated two popular strategies, married couples retiring in the future need to rethink how to maximize SSA spousal benefits.

The CARES Act includes tax changes for individuals (such as a stimulus payment) including tax changes for student loans and retirement rules.

Question of the week: What rules apply to the new $300 above-the-line charitable deduction? Do you have to keep records? Are clothing donations eligible?

What a father’s stock portfolio, an aunt’s house, and a mother’s antique collection can teach us about family property transfers

Question of the week: Can a client who has to run her business at home while her office is under a mandatory shutdown take the home office deduction?

Question of the week: If a client owes installment agreement payments from a prior tax year, does this year’s refund offset to pay the previous tax debt?

Find more information here on Notice 2020-18 in which the IRS provides FAQs on the tax payment and filing deferral for coronavirus (COVID-19).

Find out more on cancelling scheduled tax payments when filing a return and when payments are scheduled through direct pay, EFTPS, or credit and debit cards here.

New guidance exempts some taxpayers from filing Form 3520 to report tax-favored foreign savings trusts (most commonly foreign retirement savings trusts).

Complete the “Third Party Designee” section above the signature line on Form 1040 to designate a tax preparer’s firm as a third party designee.

Question of the week: Can a 72-year old client withdraw money, tax free, from a Roth 401(k) that is not yet five years old?

When selecting retirement plans to offer employees, small business owners should consider their goals, finances, employees, and tax implications with advisors

Self-employed taxpayers should run the numbers both ways, the safe harbor calculation and the traditional method, to determine the home office deduction

The Fifth Circuit held that the ACA shared responsibility payment (SRP) is not entitled to IRS priority status and thus dischargeable in bankruptcy.

Question of the week: Can a taxpayer claim a casualty loss related to Hurricane Dorian even though the IRS didn’t allow any filing postponements?

Higher foreign housing expense ceilings for those who live and work in high-cost areas abroad let them exclude a larger portion of housing expenses.

Question of the week: How can a single parent, concerned she lost her child and dependent care credit because of her low earnings, maximize the credit?

The IRS removed Roblox and V-bucks, used only in gaming environments and not convertible to real currency, from the list of reportable virtual currencies.

The special AMT exemption that applied to children subject to the kiddie tax is temporarily suspended, generally providing a much higher exemption amount.

Question of the week: Can the gain on the receipt of a truck be deferred in a like-kind exchange of rental property?

What are the tax implications for a couple with various dual-citizenship combinations? The possibilities for Prince Harry and Meghan, the Duchess of Sussex, create interesting considerations.

Taxpayers and their advisors should understand three common scenarios that can reduce or negate any benefit from donating rental property to charity

New Form 8615 Instructions reflect SECURE Act changes and give an optional calculation using the parent’s rate to figure kiddie tax.

Question of the Week: If a client makes a Roth IRA conversion contribution and then closes the account, what are the tax impacts of the early distribution?

When retirement plan assets are divided after a divorce, taxes can hurt. Learn how qualified domestic orders and post-divorce property transfers can help.

After introducing a new Form 1040 in 2018, the IRS redesigned it again in 2019, consolidating six schedules into three and adding back some items on the 1040.

Question of the week: Can unmarried parents who live together use Form 8332 to release their child’s tax benefits from one parent to the other?

This awards season, take a look back at movies that feature taxes in their plots. Warning: potential decades-old spoilers ahead.

The finished Form W-4 redesign incorporates new withholding tables and uses more of the taxpayer’s information to determine an accurate withholding amount.

Can a college student living off-campus pay for it with qualified 529 plan distributions since the room and board payments aren’t for on-campus housing?

The Tax Court found that a special provision of the U.S.-Russia treaty allowed a visiting researcher who was paid a “salary” to treat the payments as “similar” to an exempt grant.

Learn about new safe harbor tax relief for taxpayers with discharged federal or private student loans taken out to attend nonprofit or for-profit schools.

Question of the Week: Can a client reimburse herself from her HSA for expenses she paid out-of-pocket in 2019? Yes—if she meets certain rules.

Full of betrayal, bribery, and bootleggers, explore the events leading up to the tax evasion trial that brought down Al Capone on the 100th anniversary of Prohibition.

Question of the Week: Does U.S. property exchanged with foreign property qualify for like-kind exchange treatment?

These provisions for individuals were extended by the Taxpayer Certainty and Disaster Tax Relief Act.

Can the new Bachelor (and pilot) Peter Weber deduct expenses related to two-on-one dates? Can he claim Chris Harrison as a dependent? Hint: It's a no on both.

The SECURE Act modifies the rules for retirement plan participants and employer-sponsors starting in tax year 2020. Learn how these changes impact certain taxpayers.

New law provides relief with certain tax benefits for taxpayers affected by 2018 and 2019 disasters.

The TCJA altered the types of property that qualify as like-kind property. Personal and intangible property used in business no longer qualifies for like-kind exchanges completed after Dec. 31, 2017.

A self-employed taxpayer contributed $5,000 each to a SEP-IRA and a traditional IRA. Is either contribution limited by the other?

Qualifying employers can benefit by claiming a credit for paid family and medical leave in 2018 and 2019. A new IRS fact sheet summarizes the requirements.

Large employers and health insurance issuers must furnish ACA health coverage forms 1095-B and 1095-C to individuals by Mar. 2, 2020 the extended due date.

Question of the Week: An absent child who moves out may still be a qualifying relative if all of the qualifications, including the support test, are met.

Learn more about the IRS’ expanded QBI FAQs with additional guidance on the safe harbor requirements mean for rental real estate owners.

Employees working remotely could face issues with their taxes, including double state tax on wages depending on their state of residence and location of their employer.

Taxpayers who donate groceries can deduct the donation if made directly to a qualified organization, but generally not if donating at checkout.

Updated standard mileage guidance reflects TCJA changes like the suspension of employee business expenses and the moving expense deduction for most employees

Question of the Week: Can a spouse file a tax return to preserve a share of a refund that would otherwise go to pay the other spouse’s back child support?

The Tax Court upheld the IRS’s denial of all deductions for a medical marijuana business--federal deductions aren’t allowed for marijuana businesses.

In these four situations, taxpayers facing IRS collection activity can claim innocent spouse relief.

Overview of the rules for the earned income credit (EIC)

Flipping houses as a business has significant tax implications.

The Tax Institute proudly presents TAX in the News, your source for tax law updates, court cases, and news for tax practitioners.

The spouse who doesn’t owe a debt may be able to claim his or her share of the tax refund using an injured spouse claim.

Seventeen states and D.C. allow cities, counties, schools, and other municipal entities to levy local earnings tax on individual wages and business income.

What are the options when taxpayers owe the IRS money? Offers in compromise, installment agreements, and changing to uncollectible status could help.

Some rental property owners can claim a qualified business income deduction for their rental property. Find out how to determine when rental income is qualified business income.

How do taxpayers know if they’re self-employed? Often, it comes down to employee versus independent contractor classification.

The IRS caps state-level SALT deduction limitation workarounds involving charitable donations in exchange for state tax credits.

How the Tax Cuts and Jobs Act made the rules for family and child tax benefits and credits (even more) challenging.

Astronauts, taxes, and the foreign earned income exclusion—why NASA space travel doesn’t exempt taxpayers from U.S. taxes

Investors consider long-term investments in qualified opportunity funds because of their potential tax benefits: gain deferral and exclusion.

Based on Marie Kondo’s decluttering method and Netflix show, people are donating their belongings, but how does donating noncash items save money on taxes?

State tax refunds can be fully or partially taxable, or not at all. The introduction of the $10,000 SALT deduction limit can affect the results.

Learn more about the tax rules for international nonresident students on different visas.

States now have Supreme Court guidance on when they can require sellers to collect sales tax on internet sales.

Tax benefits for students can help families pay and save for college.

The TCJA changed some of the rules for education tax benefits.

How states respond to federal tax law changes depends on several factors

How would the fictional families of Modern Family file returns?

The tax effects of caring for family vary depending on the situation

A recent decision by the Ohio Supreme Court demonstrates how bobblehead dolls led to a pickle of a court case.

Funding a child’s qualified tuition plan for holidays and birthdays can have tax effects

All parts of the TAX in the News series on the §199A qualified business income (QBI) deduction. 

The de minimis safe harbor election allows businesses to expense items which are usually depreciated.

The Bipartisan Budget Act of 2015 changed partnership audit procedures in several ways.

“Reasonable compensation” doesn’t always mean what you think it means

Employees should weigh the pros and cons of self-employment under the Tax Cuts and Jobs Act, which made favorable tax changes for businesses.

The 2017 Tax Cuts and Jobs Act made several changes to the net operating loss deduction

The TCJA suspended personal casualty and theft losses, except in federally declared disaster areas

Not all states have decided how they’ll treat K-12 distributions from education savings plans after tax reform changed federal rules

Many people wait until “full retirement age” or later to start getting Social Security benefits. Here are some points to consider – Social Security, health benefits, taxes – to help with their decision-making.

Most of these creative arguments are dispelled by a single IRS publication you may not know existed

How carried interest works -- and the rules before and after the 2017 Tax Cuts and Jobs Act

Deducting losses for horse-related activities can be a divisive topic

Many Puerto Ricans were temporarily or permanently displaced by Hurrican Maria. Here are the tax implications.

Taxpayers should never use withheld payroll taxes for other reasons. Here’s why.

Owners of artwork should be prepared to prove the value of their pieces before reporting sales and other transfers on their tax returns

The personal representative must make determinations and take action on assets before terminating the estate

Some investment experts say an HSA can help supplement retirement income, too

Follow four rules to make sure that taxable gains are deferred in like-kind exchanges.

Tax pros can help clients make changes before the end of the year to avoid underwithholding and underpayment penalties

Workers who temporarily live in the U.S. will owe U.S. taxes when they transfer their retirement funds between foreign and domestic plans

A look at David Bowie and Prince -- and the lessons we can all learn about estate planning

The choice of business entity is not a ‘set it and forget it’ proposition

Tax filing requirements continue after a taxpayer’s death, and it’s the personal representative’s job to make sure those requirements are met.

Considerations for individuals with different sources of retirement income

Making sense of the U.S. Tax Code can be a challenge without a full understanding of these resources

Tax Court decisions help taxpayers and tax professionals shed light on complicated issues

The government takes refunds to collect five types of debt. Here’s how it happens.

Taxpayers who were previously excluded from the earned income credit because of their living situations may now be able to claim it

Taxpayers get immediate tax deductions for giving cash or property to charities using donor advised funds

Owners don’t always understand what happens when they make employees into partners

Completing a return for a “minister of the gospel” can be a mess of biblical proportions without a full understanding of how these special taxpayers are treated

States are getting creative in the fight against stolen identity refund fraud

It doesn’t take advanced tax planning to combine commonly available tax savings to reduce effective tax rates

Multistate and international tax rules could apply to movers and shakers in the gig economy

Get a basic understanding of publicly traded partnerships, and how to spot and plan for potential tax traps

How the IRS taxes three types of damage awards, and how to proactively mitigate the tax consequences

Taxpayers can receive combinations of A, B, and C versions of the Form 1095. Here are some common scenarios.

More tax responsibilities and potentially more IRS problems

Defining a rental for tax purposes can be difficult – potentially involving rules for small business, vacation homes, and passive activity losses

Families should understand the pros and cons of tax-exempt Medicaid waiver payments, itemized medical expense deductions, and the dependent care credit

CAAs can attest to taxpayers’ documents and identities, help navigate the application process, and address any IRS issues resulting from the application

The difference matters, because the tax bill can be substantial. Here are the nine factors the IRS uses to determine whether a business is really a hobby.

Seven things taxpayers and their advisors need to know about the IRS private debt collector program

People who make money on Pokemon Go! or other virtual games might catch a tax bill with the IRS

It’s important to consider federal and state tax implications on payments that could stretch well into the future

Learn what happens when taxpayers don’t receive their tax identification numbers quickly, or when they switch to an SSN

Most of the time, employees will need to adjust their reported basis to avoid being taxed twice on nonqualified stock options

A mid-year review can reveal countless opportunities for all types of taxpayers and their advisors to plan ahead for next year

There are essential tax rules that covered expatriates and their advisors need to know to stay in compliance before, during, and after an individual exits the U.S.

Determining tax treatment for annuities doesn’t have to be a mystery. Here’s a guide.

A cautionary tale about how one taxpayer was – and wasn’t – following all the rules

There are three “catches” with the adoption credit: timing, qualifying, and post-filing activity.

With Stolen Identity Refund Fraud on the rise, states are taking new approaches to help taxpayers stay ahead of the break or recover from a refund wipeout

Part 2 of this series explains two forms 1095-B and 1095-C

Part 1 of this series outlines why the Form 1095-A is important for many taxpayers

Some – but not all -- nations are signing special agreements to solve this problem