The Internal Revenue Service announced today that it will waive the estimated tax penalty for many taxpayers whose 2018 federal income tax withholding and estimated tax payments fell short of
Continue Reading Internal Revenue Service Announces It Will Waive 2018 Estimated Tax Penalties for Many Taxpayers

The States of New York, Connecticut, Maryland, and New Jersey filed a federal court lawsuit this week challenging the constitutionality of the new $10,000 cap on the federal tax deduction
Continue Reading Four States File Lawsuit Seeking to Invalidate New Federal Cap on State and Local Tax Deduction

Today the Internal Revenue Service notified taxpayers that it will soon be issuing regulations addressing the deductibility of state and local tax payments for federal income tax purposes. The IRS
Continue Reading IRS Cautions Taxpayers Regarding Efforts to Bypass New State and Local Tax Deduction Caps