Comiskey & Company, P.C.

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 →

On December 23, 2022, Congress passed the Consolidated Appropriations Act of 2023. The sprawling year-end spending “omnibus” package includes two important new laws that could affect your financial …

Read More about Year-end spending package tackles retirement planning, conservation easements →