Income Taxes and Credits Deductions
When Congress passed the Tax Cuts and Jobs Act (TCJA) of 2017, they included provisions creating Opportunity Zones. These zones allow eligible investors to defer...
Congress often uses the tax system to implement policy goals. For example, one way Congress tries to promote environmental improvements is to propose clean energy...
The Investment Tax Credit is a great way for businesses to grow, save money, and increase the efficiency of their operations. Unfortunately, this tax credit...
Using the U.S. Tax Code to promote green energy is a policy strategy that Congress has used for decades. However, the Inflation Reduction Act (IRA)...
Opportunity Zones offer investors an attractive way to defer and even reduce their capital gains tax liability while also making a positive difference in economically...
Updated April 2025 Delinquent Submissions, Streamlined Procedures, and Voluntary Disclosures Not filing an FBAR can lead to significant penalties and possible criminal charges. Still, if...
Updated April 2025 As a U.S. taxpayer, you may be legally obligated to report your foreign assets to the IRS. Failure to do so can...
What to Expect If You Don’t Pay Your Taxes Talk of eliminating the IRS, coupled with rising consumer prices, an unsteady stock market, and speculation...
Dealing with tax issues is rarely straightforward, and receiving a notice from the IRS can feel like the weight of the world has landed on...
The IRS can adjust your tax return and assess taxes against you, but generally, only for three years after you file. This deadline is called...