Missing Tax Records in Sunrise, FL: What to Gather Before Filing Missing paperwork is a common obstacle to preparing overdue returns. An old employer may have closed, a bank account may no longer be active, or business transactions may be
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Inheritance tax toll is mounting on UK family companies
Family companies are used to dealing with Benjamin Franklin’s two certainties: death and taxes. Succession is a predictable challenge, though it is astonishing how often families foul it up. Taxation ought to be predictable too, but it can be a
Combined federal law enforcement effort finds $490M in tax fraud
Timing is everything. That’s especially true with taxes and all its deadlines.
It also applies to the Oct. 14 announcement that recent nationwide efforts by the Department of Justice (DoJ), Internal Revenue Service, and IRS Criminal Investigation (IRS-CI) resulted in
“Credit or Debit?”: IRS Issued Final Regulations Simplifying Tax Payments by Credit or Debit Card
The U.S. Department of the Treasury and IRS have issued final regulations (TD 10060) allowing the IRS to accept tax payments directly by credit or debit card without requiring taxpayers to use third-party payment processors. The regulations implement changes made
Considering an ESOP? New Law Reduces Valuation Risk
For owners of closely held businesses, an employee stock ownership plan, or ESOP, can be an attractive way to transition ownership while allowing employees to participate in future growth. But one issue has long made ESOP transactions more difficult and
California OTA Rejects FTB’s IRC Section 751 Partnership Sourcing Theory
In a significant development for nonresident investors and private equity structures, the California Office of Tax Appeals (OTA) held that gain attributable to IRC section 751(a) “hot assets,” such as unrealized receivables and inventory items, remain part of the sale
What's Up with Dyed Diesel?
Generally, diesel fuel sold for highway use—even to a farmer—is undyed. I.R.C. § 4041 imposes a 24.3 cent per gallon federal highway excise tax on diesel. The tax is generally collected by the seller. Dyed diesel fuel is designed for
Manitoba Woman Sentenced to 30 Months in Prison for $499K Tax Credit Fraud
A Selkirk woman has received a 30-month prison sentence after fraudulently claiming nearly $500,000 in Manitoba tax credits through dozens of falsified tax returns over four years.
Michele Gabrielle of Selkirk, Manitoba, was sentenced on October 2, 2026, after pleading
Tax Relief That Isn’t: Governor Reynolds’ Proclamation on Sales/Use Taxes on Dyed Diesel
On October 5, 2026, Governor Kim Reynolds signed a proclamation to temporarily suspend state penalties and taxes for the sale and use of dyed diesel to transport certain agricultural products on public roads in Iowa. The proclamation was expanded on