All Posts
Tax Planning
Family Wealth Planning
Tax Updates
Tax Controversy
Business Advisory
Valuation Advisory
Exit Planning
Succession Planning
State and Local Tax
Wealth Preservation
Tax Residency
Domicile
State Tax Planning
Florida Taxes
High Net Worth
Relocation Planning
Residency Audit
Family Office
Tax Insights
IRS Updates
Tax Compliance
Federal Tax
Tax News
Tax Alerts
Business Tax
Individual Tax
Tax Advisory
Regulatory Updates

Tax Updates

IRS Automatic Penalty Relief announcement graphic featuring the Internal Revenue Service building and Schulman Lobel Tax, Audit & Advisory.

Could You Qualify for the IRS's New Automatic Penalty Relief? Here's What Taxpayers Need to Know

The IRS has introduced Automatic Penalty Relief (AEP), a new initiative that automatically removes certain tax penalties for eligible taxpayers with a strong compliance history. Learn who qualifies, when the new rules take effect, and what they mean for you.

9 hours ago2 min read

Abdo and Kwong May Create Opportunities to File Protective Claims for Certain IRS Penalties and Interest

Taxpayers who paid IRS penalties or interest during the COVID-19 disaster period may have an opportunity to preserve potential refund rights. Learn how protective refund claims, IRS Form 843, and the Kwong decision could impact key July 2026 filing considerations.

Jun 234 min read

Residential homes in New Jersey with rooftop solar panels, highlighting solar tax credits and clean energy incentive opportunities.

Solar Tax Credits Remain Available Under OBBBA: Key Deadlines and Opportunities for Solar tax credits for New Jersey taxpayers

The One Big Beautiful Bill Act preserves valuable solar tax credits while establishing new deadlines for qualifying projects. Learn how New Jersey taxpayers and businesses can take advantage of available federal and state incentives before key opportunities expire.

Jun 34 min read

IRS settlement initiative for conservation and historic preservation easement cases featuring a settlement agreement and IRS building

Have a Conservation Easement Dispute? The IRS Has Opened a New Settlement Opportunity.

The IRS has announced a limited settlement opportunity for eligible conservation easement and historic preservation easement cases. Learn who qualifies, key deadlines, reduced penalty provisions, and important considerations for affected partnerships.

Jun 24 min read

Trump Account illustration showing a $1,000 government contribution program for eligible children under the One Big Beautiful Bill Act.

Is Your Child Eligible for a $1,000 Trump Account? Here's How It Works.

The One Big Beautiful Bill Act created Trump Accounts, including a potential $1,000 government contribution for eligible children born between 2025 and 2028. Learn who qualifies, contribution limits, investment rules, and key considerations for families.

May 283 min read