Tax Law News and Insights

Most people barely understand the tax rules that apply to them as individuals, so it is little surprise that corporate tax law leaves many people feeling overwhelmed and confused. Even someone who is confident about filing their personal income tax return with modern software will need help when it comes...

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Key Takeaways: The law regarding computation of FBAR penalties is unclear. The United States Supreme Court has agreed to hear a case to settle a conflict among the circuit courts. Until the Supreme Court case is decided, taxpayers should work to delay IRS settlement discussions unless the favorable Ninth Circuit...

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In 2022, we foresee several trends and developments that will converge to substantially impact tax controversies in the United States. The COVID-19 pandemic will likely continue to change how US taxpayers, the Internal Revenue Service (IRS), and courts approach tax controversies. Modest increases to the IRS's funding – as well...

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