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Accounting firms are seeing a noticeable increase in scams tied to IRS Notice CP53E, a legitimate notice that the Internal Revenue Service (IRS) has been issuing more frequently this year. As the IRS continues moving away from paper refund checks and toward electronic payments, many taxpayers are encountering CP53E for the first time – creating…
A recent federal court decision may reopen the door to refunds of COVID-era tax interest and penalties that many taxpayers assumed were lost for good. In Kwong v. United States, No. 23 267 (Fed. Cl. Nov. 25, 2025), the U.S. Court of Federal Claims held that the COVID-19 disaster declaration triggered a mandatory suspension of…
As the IRS continues shifting toward electronic only payments, taxpayers are gaining convenience — but also facing new pitfalls. Whether you’re making an estimated payment, an extension payment or paying a balance due with a notice, correctly selecting the payment type and tax year is essential to keeping your IRS account accurate and avoiding unnecessary…
Equity compensation deferral arrangements can be excellent wealth builders, but each one follows its own tax clock. Knowing when income is recognized—and what rate applies—drives better decisions. From RSUs and incentive stock options (ISOs) to nonqualified stock options (NSOs) and deferred compensation plans, equity compensation comes with distinct tax rules, timing considerations and planning opportunities….
Unlocking R&D Tax Credits is a two-part mini series designed to help food, beverage and consumer product companies understand how the R&D tax credit works — and how to claim it with confidence.
A Game-Changing Approach to Tax Operations The Tax Transformation platform integrates key operational systems to create seamless workflows that enable dynamic insights, intelligent automation and improved collaboration across teams. By leveraging advanced AI capabilities and real-time data analytics, the platform transforms the Firm’s internal operations. “Tax Transformation will inherently change how we approach tax operations,…
