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Infrastructure and Jobs Act

On Nov. 5, the U.S. House of Representatives passed the Infrastructure Investment and Jobs Act, which includes a handful of tax provisions. President Biden is …
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Is the IRS Protecting Your Data?

How well is the IRS protecting confidential data that’s stored on their devices? A key element of assuring confidentiality is “sanitization” of laptops, desktops and …
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Challlenges Facing the IRS

Each year, the Treasury Inspector General for Tax Administration (TIGTA) is required by law to summarize the key challenges facing the IRS. For fiscal year …
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Charitable Contribution Deductions

As we approach the end of the year, be aware that taxpayers are allowed a special charitable contribution deduction for 2021 even if they don’t …
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Retirement Cost of Living Adjustments

The IRS has announced the 2022 cost-of-living adjustment amounts for 401(k) plans and other retirement-plan-related limits. For 2022, individuals can contribute up to $20,500 to …
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Trust Fund Recovery Penalties

The U.S. Tax Court has upheld trust fund recovery penalties that were imposed against a hospital chief administrator after the hospital’s payroll taxes weren’t paid …
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