The OBBBA creates a notable exception for a limited period, allowing taxpayers to claim a deduction for interest paid on loans used to acquire a new, U.S.-assembled passenger vehicle for personal use.

Social media platforms have become breeding grounds for dangerous tax misinformation, with the IRS reporting a surge in fraudulent claims tied directly to viral "tax hacks." From TikTok to Instagram, influencers are spreading costly myths that have already ensnared thousands of taxpayers in audits, penalties, and criminal investigations

Taxpayers face heightened risks from evolving IRS enforcement strategies, inflationary penalty adjustments, and increasingly sophisticated scams.  . This article breaks down the most dangerous tax errors of 2025, supported by IRS data and real-world insights, to help you avoid costly misste

Not in NJ, PA, DE and Virgin Islands. After the IRS examines a tax return and determines that additional tax is due, they may issue a...

"The road to hell is paved with good intentions ..." - Samuel Johnson, 18th-century author and lexicographer. Due to major...

There aren’t many experiences that can be more unsettling than receiving an IRS tax audit notice. The stress of financial uncertainty as...

In its press release dated July 3rd ( IR-2023-123 ), the IRS, in conjunction with State taxing authorities and participating private...

Introduction: Sales tax audits can be a complex and daunting process for businesses. However, one advantage that business owners have is...

As a tax lawyer, one of the most effective tools in helping clients resolve their tax liabilities with the Internal Revenue Service (IRS)...