Tax

UHY launches global rebrand; IRS selects first associate chief counsel for the newly created passthroughs, trusts and estates office; and more news from across the profession.

The amount individuals can contribute to 401(k)s in 2025 has increased by $500 to $23,500, but the IRA limit remains $7,000.

To the mat; extra help; FACS of the case; and other highlights of recent tax cases.

Fee increases may be discouraging taxpayers from seeking private letter rulings from the Internal Revenue Service to resolve their questions ahead of filing, according to a new report.

The Internal Revenue Service has decided to stop automatically levying penalties when a taxpayer files a form reporting foreign gifts too late.

A handful of Illinois politicians are once again eyeing a new tax on the highest earners.

The Georgia accountants were sentenced to periods of supervised release and have to pay millions in restitution.

The number of taxpayers filing individual income tax returns is projected to increase by about 10,000,000 over the next eight years.

Uncertainty around sunsetting provisions should have professional athletes planning ahead on their taxes.

Foreign gifts and penalties; FBARs and the Constitution; contention and confusion; and other highlights from our favorite tax bloggers.