Examines the U.S. Tax Court case involving microcaptive in Patel v. CIR, 165 T.C. 10 (Nov. 12, 2025) where the 40% penalties were assessed.

The longest recorded government shutdown is finally over. As many government agencies return to normal business operations, many small business ...

A letter urges an exception to the current “all or nothing” approach that prevents U.S. companies from deducting any part of ...

These days, we’re all trying to protect our identity from nefarious characters. We regularly have conversations with some of our clients about how they have been contacted by fraudulent characters.

Get any of our free daily email newsletters — news headlines, opinion, e-edition, obituaries and more. The IRS plan to permanently close the Taxpayer Assistance Center in Bozeman would be a huge loss ...

IRS letters decoded: A visual of the AI assistant tax GPT from Edward Parsons, CPA, transforming complex IRS notices into clear, plain-English steps IRS notices surge in 2025; CPA builds AI tool, like ...

Since 2022, the IRS has witnessed a concerning surge in refund claims. The most recent of these stems from deceptive social media posts and individuals pretending to be tax experts, luring ...