SCOTUS Holds FBAR Penalty Determined on Per-Report Basis
Taxpayers with foreign bank accounts who forgot to file an annual Report of Foreign Bank and Financial Accounts (FBAR) received some good news at the
IRS Announces Direct Deposit for Amended Returns
Filing an amended return used to mean completing a paper form, regardless of how taxpayers submitted the original return to the Internal Revenue Servi
2022 Special State Payments Not Taxable
In 2022, millions of Americans received special state-issued payments designed to provide economic relief to residents struggling with financial burde
Clean Vehicle Credit Guidance Revises Classifications
As part of the Inflation Reduction Act of 2022, lawmakers made changes to the Clean Vehicle Credit that were meant to encourage the purchase of U.S.-m
California Storm Victims Get Tax Relief
Californians have been battered by torrential rains and flooding from a recent series of storms. To help victims recover, the Internal Revenue Service
IRS Addresses Final Assembly, MSRP Requirements for Clean Vehicle Credit
High gas prices have understandably made plug-in electric and fuel cell vehicles more attractive in recent years. While a provision in the Inflation R