Blogs
What Industries Are Eligible for the R&D Tax Credit?
Innovation is the lifeblood of modern business, driving growth and competitiveness across various sectors. To encourage this spirit of innovation, the U.S. government offers the...
Proposed Corporate Tax Increases
What They Mean for Businesses This Year As we move further into 2024, businesses across the United States are bracing for significant changes in the tax landscape. The government...
IRS Filing Season Updates: Expanded Service Hours and Enhanced Online Tools for 2024
As we continue through the 2024 tax filing season, the IRS has rolled out a series of updates and improvements designed to provide better assistance to taxpayers. These...
The Crucial Lesson from Suzanne Somers’ Estate
The Crucial Lesson from Suzanne Somers’ Estate: Address Tax Issues Before It's Too Late When Suzanne Somers, beloved actress and entrepreneur, passed away in October 2023, she...
Inflation’s Impact on Taxes
Inflation is an economic phenomenon that affects almost every aspect of a nation's financial health, including individual and corporate taxation. As prices rise, the purchasing...
Requesting Proof of Supervisor’s Written Approval and Penalty Abatement
Before contacting the IRS Practitioner Priority Service (PPS) line, it's essential to prepare all relevant information. Gather the taxpayer's full name, Social Security Number...
The IRS Starting to Visit Tax Payers’ Homes Again
In recent years, the Internal Revenue Service (IRS) has increasingly turned to technological means to conduct audits and enforce tax laws. However, a notable shift is on the...
Understanding the Inflation Reduction Act and SECURE 2.0 Act Changes for the 2023 Tax Year
The year 2023 stands out as a milestone due to significant legislative updates brought forth by the Inflation Reduction Act and the SECURE 2.0 Act. These transformative acts...
The IRS Crackdown, 1099-S Filings and the Residency Exemption
The Internal Revenue Service (IRS) has escalated its surveillance to ensure tax compliance, especially in real estate dealings. At The Law Office of Pietro Canestrelli, with...