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Alec Baldwin Indicted In Shooting Death Can Write Off His Legal Fees

Baldwin was acting when the shooting occurred, does that make lawyers a business expense? ....

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IRS Reveals Voluntary Disclosure Program To Pay Back ERC Tax Credits

The IRS has already received more than $100 million in ERC withdrawals as the IRS continues intensifying audits and criminal investigations of ERC credits. ....

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Hunter Biden Criminal Tax Charges Contain Universal Tax Lessons

Hunter Biden has been charged with nine counts of failing to file and pay taxes, tax evasion, and filing false tax returns. ....

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IRS Disallows 20,000 ERC Tax Refund Claims As Enforcement Tightens

Starting this week, the IRS announced that taxpayers who are ineligible for the credit will begin receiving copies of Letter 105 C, Claim Disallowed. ....

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If You Act Before Year-End, IRS Respects Do-Overs Unwinding Taxes

Going back to square one sounds simple, but the tax system is rigid. Even so, the IRS accepts unwound transactions if everything occurs in the same tax year. ....

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