Federal Tax Updates

Timely analysis of federal tax law changes, guidance, and developments affecting practitioners.

Recovery Rebates: I’ve Got a Song Ain’t Got No Melody?

Recovery Rebates: I’ve Got a Song Ain’t Got No Melody? I’ll start out today with apologies to Billy Preston. Be patient while I explain why Billy Preston is my guest…

A Lesson in Applying All the New Laws Enacted During the Pandemic

A Lesson in Applying All the New Laws Enacted During the Pandemic In working on our upcoming Fall Tax School program, I recently found myself in a position we hope…

Recovering Costs in Tax Litigation

Recovering Costs in Tax Litigation Taxpayers under audit with the IRS who find themselves in court may find the potential litigation and administrative costs problematic. Knowing when a taxpayer may…

Recent Tax Court Cases on Common Issues

Recent Tax Court Cases on Common Issues Three recent court cases touch on issues that often face clients. One involves the tricky issue of what is a taxpayer’s “tax home.”…

IRS Guidance on Farm NOLs

IRS Guidance on Farm NOLs The IRS has issued guidance on how farm taxpayers are to handle carryback elections related to farm net operating losses (NOLs) in light of all…

Advanced Child Tax Credit – What You Need to Know

Advanced Child Tax Credit – What You Need to Know Guest bloggers Debbie Cook, CPA and Kailee Smith from AGC Solutions share a couple helpful videos on the Advanced Child…