Inside How Private Placement Life Insurance Slips Through the Cracks
Private placement life insurance (PPLI) policies that push the boundaries of what is acceptable under IRS
Have AI Do Your Tax Return? Taxpayer Beware
When it comes to filing tax returns, Artificial Intelligence (AI) has become the go-to cure-all for some taxpayers – and more concerning – some tax advisors as well.
As the IRS targets wealthy Americans for audits, here are red flags for everyday filers
The IRS is working on plans to avoid increased audits on taxpayers making less than $400,000 — but certain areas can invite scrutiny, regardless of income.
Tax Panels Face Personnel Changes Ahead Of TCJA Debate
The House and Senate tax-writing committees are both set to lose veteran lawmakers in the next Congress, changing the dynamic on the panels as they gear up for a major fight next year over the fate of the expiring provisions of the Tax Cuts and Jobs Act.
Insights from Rick Lazio on How Tax Policy and Small Business Innovation Could Reshape Economic Growth
As the presidential campaign heats up and with a hotly anticipated debate coming between Vice President Kamala Harris and former President Donald Trump, a tax expert is weighing in with his thoughts about the child tax credit and other proposals.
Harris reveals good-vibes economic policies. Experts weigh in
Democratic presidential nominee Kamala Harris revealed for the first time some big economic plans on Friday, but these experts had mixed reactions on how much some of them would help everyday Americans.
Is the gen AI bubble due to burst? CIOs face rethink ahead
Generative AI has been hyped so much over the past two years that observers see an inevitable course correction ahead — one that should prompt CIOs to rethink their gen AI strategies.
The IRS audited my husband’s 2021 tax return and, yes, he made some mistakes. Now it wants two years to look at his 2022 tax return. Is this normal?
‘Must we agree to have this hanging over our heads that long?’ Dear Tax Guy, My husband owns his own business. The Internal Revenue Service audited his 2021 income-tax return. There were some small mistakes. The amount due was paid. However, he received notice at the end of 2023 that he was also being audited for 2022.
Bryant University Launches Gen AI Chatbot for Community Engagement
Students, faculty, and staff at Bryant University have a new resource for accessing information, receiving guidance, and keeping up with campus events.
Address ERC Backlog, Taxpayer Advocate Urges
The IRS should substantially increase the number of employee retention credit claims it processes in order to help businesses with legitimate claims, National Taxpayer Advocate Erin Collins said.