Should a Redemption Funded by Life Insurance Increase Estate Tax Liability? The Supreme Court Will Decide.
The Supreme Court has just heard the oral arguments in Connelly v. Internal Revenue Service. In this case, Thomas Connelly had become the...
A New Form 1099-K Reporting Threshold is Coming
Under the American Rescue Plan (ARP), the IRS plans to lower the Form 1099-K reporting threshold for third-party platform payments. The...
L.A. Mansion Tax Revenue
The mansion tax in California went into effect on April 1, 2023. The mansion tax is a form of property tax that is imposed on high-value...
Dirty Dozen
The Dirty Dozen is a list that the IRS compiles of the most common scams that taxpayers might come across. Taxpayers might come across...
The Corporate Transparency Act
The Corporate Transparency Act (CTA) was passed in 2021 but did not come into effect until January 1, 2024. It is important to note that...
Increase In Business Formation Under the Biden-Harris Administration
Under the Biden-Harris Administration, the United States has witnessed a significant surge in business formation, with 16 million new...
