by chrabik | Aug 13, 2026 | Uncategorized
Today’s digital IRS draws on third-party data and uses artificial intelligence and machine learning to prioritize returns for review. This shift is part of a larger transformation and it reflects a changed reality. The old agency has been replaced by a new...
by chrabik | Aug 13, 2026 | Uncategorized
An envelope from the IRS can evoke mild panic regardless of where you are when you receive it. If it reaches you three weeks late, several time zones from the agency that sent it, with a response deadline printed inside that may already have passed, it can feel even...
by chrabik | Aug 3, 2026 | Uncategorized
Many countries incentivize business investment in research and development (R&D), intending to foster innovation. A common approach is to provide direct government funding for R&D activity. However, a significant number of jurisdictions also offer R&D...
by chrabik | Jul 31, 2026 | Uncategorized
Full expensing under the One Big Beautiful Bill Act does not neutralize the tariff burden on imported goods, as former White House Council of Economic Advisers chair Stephen Miran asserts.Read More
by chrabik | Jul 28, 2026 | Uncategorized
On July 1, 2026, the IRS quietly removed its Delinquent FBAR Submission Procedures webpage with no formal announcement explaining the change. This program let taxpayers file late Foreign Bank Account Reports (FBARs) without penalty, as long as they’d already...
by chrabik | Jul 21, 2026 | Uncategorized
Introduced by Sens. Chuck Schumer (D-NY), Ron Wyden (D-OR), and Michael Bennet (D-CO), The Taxing Buybacks from Big Oil Windfalls Act would raise the stock buyback excise tax from 1 percent to 25 percent for large oil and gas companies. Read More
