Tax Gal & Associates

04/13/2024

04/18/2022

In a multi-part series, Bloomberg Tax takes a deep dive into the problems plaguing the IRS. We asked current and former government officials, agency watchdogs, and tax professionals to break down how the agency landed in such a dire situation and offer their plan for how the agency can be fixed.

04/08/2022

Few tax filing requirements raise the ire of taxpayers like the FBAR. Here’s a look at filing requirements, as well as forms that you might need to file with the IRS if you own foreign assets.

04/01/2022

A recent proposal to require all Americans to pay income taxes has many wondering about who pays tax, and how much tax gets paid. Here’s a look at some taxpayers statistics and historical context to consider as part of the discussion.

08/19/2021

Tax services can feel relatively simple when you’re just handing over a stack of papers or uploading files to a portal. But how you regard the process can be critical to understanding whether your tax professional is a good fit. If your tax professional doesn’t seem that enthusiastic about provi...

06/18/2021

The IRS has finally issued formal guidance regarding employee retention credits aligned with Congressional intent in various legislative pandemic relief packages. Isabelle Farrar, Alec Oveis, and Joshua Thomas of Ropes & Gray LLP summarize the IRS notices, explaining guidance on how businesses c...

05/22/2021

Tax Day was Monday for most individual taxpayers, marking the end of a difficult season for taxpayers and tax professionals. Here are five lessons we’ve learned during tax season.

04/16/2021

Binge-watching on Netflix? While it shouldn’t be your go-to for financial advice, there are tax lessons to be learned from the popular television show Schitt’s Creek.

02/17/2021

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Some tax myths have some basis in fact such as writing off expenses with an LLC and federal and state taxes working similarly, but are you exempt from payroll tax if you file as an S corporation? Bloomberg Tax’s Kelly Phillips Erb takes a look at some tax takes making the rounds and explains why t...

12/19/2020

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