Comiskey & Company, P.C.

“Thousands of people have lost millions of dollars and their personal information to tax scams,” according to the IRS. The scams may come in through email, text messages, telephone calls or regular …

Read More about 2023 – 07/05 – That email or text from the IRS: It’s a scam! →

Recent reports have raised anew concerns about the impending insolvency of the Social Security program, absent congressional action. Social Security reform has long been considered a “third rail” of …

Read More about Social Security’s future: The problem and the proposals →

The Inflation Reduction Act (IRA) extended and expanded the Section 30D Clean Vehicle (CV) Credit, previously known as the Electric Vehicle (EV) Credit. The credit now covers “clean vehicles,” which …

Read More about IRS guidance coming regarding the IRA’s Clean Vehicle Credit →

President Biden has released his proposed budget for the federal government for the 2024 fiscal year. The budget, which aims to cut the deficit by nearly $3 trillion over 10 years, includes numerous …

Read More about President Biden’s proposed budget includes notable tax provisions →

The U.S. Supreme Court recently weighed in on an issue regarding a provision of the Bank Secrecy Act (BSA) that has split two federal courts of appeal. Its 5-4 ruling in Bittner v. U.S. is welcome …

Read More about U.S. Supreme Court rules against the IRS on critical FBAR issue →

The 2022 mid-term election has shifted the scales in Washington, D.C., with the Democrats no longer controlling both houses of Congress. While it remains to be seen if — and when — any tax-related …

Read More about Reading the tea leaves: Potential tax legislation in the new Congress →