Tax

Dangerous procedural traps; justification for change; unexpected tax exposure; and other highlights from our favorite tax bloggers.

Even if they must refer wealth families to a tax professional for a generation-skipping or dynasty trust, financial advisors can play a valuable role.

The Internal Revenue Service received approximately $3.2 billion in unidentified payments from fiscal years 2022 through 2024.

Trump said Democratic policies on crime and taxes were leading to an exodus of businesses and taxpayers from New York, as he touted his tax cuts.

Democrats on the Senate Finance Committee called on chairman Mike Crapo to launch a bipartisan probe into the Justice Department's new weaponization fund.

IRS impersonation; Lootland; conduit scheme; and other highlights of recent tax cases.

The lawsuit follows the announcement of the nearly $1.8 billion fund as part of an agreement to end Trump's unprecedented $10 billion lawsuit against the IRS.

JPMorgan Chase & Co. Chief Executive Jamie Dimon criticized plans by New York's left-leaning mayor Zohran Mamdani to slap more taxes on the rich, arguing the move risks doing further damage to the city's status as a business hub.

The Internal Revenue Service characterizes the 2026 tax filing season as a success. What do you think?

Sales and use tax once sat at the back of the small business tax conversation. It now has taken a seat in the front row.