Kelly Phillips Erb is a Philadelphia-area Forbes senior writer who covers tax and financial crimes.
As a tax attorney, Phillips Erb brings a legal perspective to her tax coverage. This has informed her writing on offshore asset and cryptocurrency enforcement and the legal and
Tax Breaks: The Not Quite The End Of The World As We Know It (And I Feel Fine) Edition
Plus: BOI reporting updates, tax season is coming, money for taxpayers, filing thresholds for the 2024 tax year, digital asset guidance, tax filing deadlines and more.
IRS Will Mail Checks To Over One Million Taxpayers Who Missed Out On Stimulus Payments
The IRS says that over one million taxpayers may have missed out on the Recovery Rebate Credit (RRC) claimed on their 2021 tax returns.
In Whiplash Maneuver, Court Rules Beneficial Ownership Information (BOI) Reporting Requirements Are On Hold
The government has (again) been enjoined from enforcing the beneficial ownership information (BOI) reporting requirements under the CTA.
Planning For The Unpredictable—What To Know About Taxes In 2025
The 2025 tax year is likely to be anything but typical. There’s a new administration, a new Congress—and some of Trump’s 2017 tax cuts are set to expire. Here's a look.
FinCEN Extends Beneficial Ownership Information (BOI) Reporting Deadline
After the Fifth Circuit granted the government’s emergency motion to continue to enforce the Corporate Transparency Act (CTA), FinCEN has extended the filing deadline.
Appellate Court Reverses Beneficial Ownership Information (BOI) Report Injunction
With days to go before the beneficial ownership information (BOI) reporting deadline, the U.S. Fifth Circuit has reversed the pause on Beneficial Ownership Information (BOI) reports.
Tax Breaks: The Tax World Is Topsy-Turvy Edition
Our latest edition of Tax Breaks. Plus: IRS funding, beneficial ownership information (BOI) report update, 2025 standard mileage rates, tax filing deadlines, and more.
IRS Announces Standard Mileage Rates For 2025
The IRS has announced its 2025 standard mileage rates. Standard mileage rates are used to calculate the amount of a business, moving, medical, or charitable expense.
Tax Preparer Known As “The Magician” Pleads Guilty In $145 Million Tax Fraud Scheme
A New York tax preparer has pleaded guilty in a scheme alleged to have cost the government $145 million.
Judge Refuses To Pause Beneficial Ownership Information (BOI) Report Injunction
A judge has ruled that a nationwide preliminary injunction barring FinCEN from enforcing the CTA will stand while a government appeal winds its way through the courts.