The IRS is Targeting High Income Taxpayers
On April 27, 2022, the Internal Revenue Service updated its processes and procedures found in the Internal Revenue Manual for audits of Global High Wealth (GHW) individuals. [...]
Common Tax Scams and Tips to Help Taxpayers Avoid Them
In recent years, tax schemes and scams have been on the rise. Con artists work year-round which means taxpayers must remain vigilant to avoid being victimized. [...]
Can Congress Tax the “Wealth” by Deeming it Income?
Reference to "Can Congress Tax the “Wealth” of Charles and Kathleen Moore by Deeming it Income? A challenge to a 2017 law could shut the door [...]
PPP2 Loan Forgiveness Portal
After the confusion of the first Paycheck Protection Program (PPP) Loan Forgiveness process, there is hope! [...]
Indiana Surplus Refund
Hoosiers will see a total refund worth $545.3M when they file their 2021 state tax returns [...]
Clean Energy for America Act (CEAA) – Tax Reform
The Joint Committee on Taxation released on June 17, 2021, its Technical Explanation of the Clean [...]
Advanced Child Tax Credit Payments to Begin July 15, 2021
The American Rescue Plan (“ARPA”) raised the maximum child tax credit in 2021 to $3,600 for each [...]
Kentucky Eliminates Composite Returns for Nonresident Individuals
For tax years beginning on or after January 1, 2022, a pass-through entity will no longer [...]
Advanced Child Tax Credit Payments to Begin July 15, 2021
The American Rescue Plan (“ARPA”) raised the maximum child tax credit in 2021 to $3,600 for each [...]
Kentucky Eliminates Composite Returns for Nonresident Individuals
For tax years beginning on or after January 1, 2022, a pass-through entity will no longer [...]
Governor DeWine Signs Tax Conformity Legislation Bill, Reduces Nonresident Withholding Rates
On March 31, 2021, Governor Mike DeWine signed Senate Bill 18 into law. The bill was [...]
American Rescue Plan of 2021 Enacted into Law Includes Numerous Tax Law Changes
On March 11, 2021, President Biden signed into law the $1.9 trillion American Rescue Plan Act [...]
Tax Deadline Extended for 2020 Individual Tax Returns
Federal The Treasury Department and the IRS announced on March 17, 2021, that individuals may file their 2020 tax [...]