Wondering how long the IRS can collect from you and when your refund rights expire? CEO David King and Chief Tax Officer & Lead Tax Attorney Philip Hwang explain the 10-year Collection Statute Expiration Date (CSED), the Refund Statute Expiration Date (RSED), and the events that can suspend or extend these timelines. If You Need […]
Article from February 2026
What are “Above-the-Line” Deductions?
Understanding what are above the line deductions is essential for taxpayers who want to reduce their taxable income strategically. These deductions directly lower your income before your Adjusted Gross Income (AGI) is calculated, which can significantly impact your overall tax liability. Above-the-line deductions, formally called “adjustments to income”, reduce gross income and are available whether you claim the standard deduction or […]
How to Respond to IRS Notice CP2000
Receiving a notice from the IRS can immediately raise concerns, especially when it proposes additional tax owed. If you have received IRS Notice CP2000, it is critical to understand what it means and how to handle it properly. This notice is not a formal audit and it is not automatically a bill. Instead, it is a proposed adjustment based on income information […]
What Documents Do I Need to File My Taxes?
Filing taxes can be a complicated process, especially if you are unsure which documents you need to have on hand. Missing key paperwork can lead to delays, miscalculations, and even penalties if your tax return is incorrect. Whether you file your own taxes or work with a tax professional, gathering the necessary documents beforehand will […]
How AI Is Changing Tax Compliance and Enforcement
Artificial intelligence is no longer a futuristic concept in taxation. It is already influencing how tax returns are reviewed, how audits are selected, and how noncompliance is detected. As governments and organizations handle growing volumes of financial data, AI in tax compliance has emerged as a powerful tool to manage complexity, reduce errors, and strengthen enforcement. At the same time, the […]