The ultimate insight from a net worth statement is exactly what it says: the net worth number, which is simply assets minus ...

A new way for Americans to save—with tax-free earnings—has been introduced in the House and Senate. If it passes, will it ...

Topline: The IRS estimated in December 2024 that its new Direct File tax return system would cost the government $61.1 ...

This client alert discusses recent developments relevant to members of UK LLPs in respect of the UK’s salaried member employment tax rules.

Even if you filed your tax return for the year, the Internal Revenue Service (IRS) on Thursday warned that taxpayers should remain on alert for some common scams to avoid losing money and personal ...

The Internal Revenue Service (IRS) recently announced (see Revenue Procedure 2025-19) cost-of-living adjustments to the applicable dollar limits ...

The annual contribution limits for health savings accounts (HSAs) will rise again in 2026. After raising these limits in each ...

Welcome to April’s edition of our UK Tax Round Up. While this month has been quiet on the case law front, there have been a number of ...

Together, these penalties can add up quickly. If you’re more than 60 days late, the minimum failure-to-file penalty is either $485 or 100% of your unpaid tax—whichever is less. If you requested an ...

Many Americans are still waiting for their 2025 tax refunds as IRS processing delays continue into late April. If your refund hasn’t arrived, you’re not alone—and there are several reasons it could be ...

The IRS is investigating God's Storehouse, a Topeka church and thrift store, to determine its tax-exempt status and compliance with tax laws. The investigation is back in the news because of ...

Rep. Rich McCormick stated that extending the Trump-era tax cuts is a top priority for Congress. McCormick suggested that while the tax cuts benefited Biden, the tariffs enacted during the Trump ...