Governors Ask for IRS Guidance on State Paid Leave Program Taxation
By Kelly Hanley, Esq., Chicago Tax Attorney One area of tax law and policy that has recently garnered significant attention involves the …
Tax News
Unfiled Tax Returns Are More Complex Than You Might Think
By Kelly Hanley, Esq., Chicago Tax Attorney Tax law is replete with complexities and nuances, a reality starkly illuminated in the recent …
Taxpayer Advocate’s Insights on IRS 1099-K Reporting
By Kelly Hanley, Esq., Chicago Tax Attorney As the agency responsible for executing Congress’s will, the Internal Revenue Service (IRS) often finds …
IRS Stores Millions of Tax Forms In a “Cave” in Missouri: A Chicago Tax Attorney’s Perspective
By Kelly Hanley, Esq., Chicago Tax Attorney As a seasoned Chicago tax attorney, I have seen firsthand how the intricacies of tax …
The Impact of Farhy on IRS International Penalty Assessment
In a landmark decision that has sent ripples through the tax community, a 2023 U.S. Tax Court ruling, Farhy v. Commissioner, has …
The IRS’s New Tax Relief for Millions of Taxpayers Will Wipe Out $1 Billion in Penalties
By Kelly Hanley, Esq. In an unprecedented move to alleviate the financial strain caused by the COVID-19 pandemic, the Internal Revenue Service …
IRS Crackdown on 20,000 Employee Retention Credit Claims
The Internal Revenue Service (IRS) has recently taken a significant step in combating fraudulent tax practices by disallowing over 20,000 Employee Retention …
IRS CP504 Notices Are Back: Understanding Your Options and Next Steps
By Kelly Hanley, Esq., Tax Attorney Introduction Dealing with tax issues can be challenging, especially when faced with a CP504 Notice from …
The Shifting Landscape of IRS Reporting for E-Commerce: Understanding the Delayed $600 1099-K Reporting Requirement
Introduction E-commerce has seen a significant shift recently, especially concerning the IRS reporting rules. This change affects millions of Americans who engage …
