Do I Have to Pay Taxes on Verdicts or Settlements?

In a couple of recent lawsuits, plaintiffs sued Meta (the parent company of Facebook) claiming Facebook caused social media addiction. These plaintiffs won large verd...

What Happens if ChatGPT or other AI Does My Taxes?

People rely on ChatGPT and other AI platforms for all sorts of advice including legal and tax advice. While AI is still in its infancy and it will improve over time, it frequently gives wrong information and hallucinates. What are the consequences for a taxpayer that receives bad tax advice from ChatGPT or some other ...

What Triggers an IRS Audit

Facing an IRS audit can be one of the most stressful experiences for individuals and business owners alike. While audit rates remain relatively low, the IRS has significantly upgraded its technology and enforcement strategies heading into 2026. Understanding what triggers an audit—and how to respond—can make all the difference in protecting y...

Is the IRS Increasing Audits in 2026

For many taxpayers and business owners, the word audit immediately triggers anxiety. Over the past several years, the Internal Revenue Service (IRS) has faced staffing shortages, budget debates, and administrative changes. Yet as we move into 2026, many individuals are asking an important question: Are IRS audits a...

Do I Need a Trust or a Will in 2026?

As we move into 2026, estate planning is no longer just for the wealthy or the elderly it is an essential step for anyone who wants to protect their loved ones and ensure their wishes are honored. One of the most common questions people ask is: Do I need a trust, a will, or both? The answer depends on your personal situatio...