• 203-521-0089

  • proserve_mail

  • 161 Kings HWY E., Suite 206, Fairfield, CT


IRS encourages tax-exempt organizations to file their taxes ahead of May 15 deadline 

— The Internal Revenue Service encouraged thousands of tax-exempt organizations today to file their taxes ahead of their filing deadline.

Two IRS teams named finalists for Service to America Medals during Public Service Recognition Week; honored for paperless processing, $3.4 billion cryptocurrency seizure

— To help celebrate this year’s Public Service Recognition Week, the Internal Revenue Service today recognized two IRS teams that reached the finals for the 2024 Samuel J. Heyman Service to America Medals. 

IRS final reminder: Time to claim $1 billion in tax refunds from 2020 expires May 17

― The Internal Revenue Service today reminded the 1 million people who didn’t file their tax year 2020 returns they may be eligible for a refund if they file by the May 17 deadline. 

Treasury, IRS issue frequently asked questions regarding disaster relief related to retirement plans and IRAs

— The Internal Revenue Service today issued frequently asked questions (FAQs) in Fact Sheet 2024-19, relating to rules for distributions from retirement plans and IRAs and for retirement plan loans, for certain individuals impacted by federally declared major disasters.

IRS releases final guidance for certain clean vehicle credits under the Inflation Reduction Act

— The Internal Revenue Service issued final regulations today for the new and previously owned clean vehicle credits. 

IRS releases Strategic Operating Plan update outlining future priorities; transformation momentum accelerating following long list of successes for taxpayers

— The Internal Revenue Service today released an update on the Strategic Operating Plan, a blueprint outlining future plans for the agency’s transformation work and highlighting dozens of improvements for taxpayers since passage of the Inflation Reduction Act.

IRS recommends safeguarding information in case of natural disasters

— The Internal Revenue Service reminds taxpayers that May kicks off the season of disaster preparation with National Wildfire Awareness Month and National Hurricane Preparedness Week, May 5-11. 


Foreign trust transactions and large gifts addressed in proposed regs.

The proposed regulations implement Secs. 643(i), 679, 6039F, 6048, and 6677, which were added or modified to prevent efforts by U.S. taxpayers to use foreign trusts and offshore arrangements to avoid U.S. taxes.

Final regs. issued for new, previously owned clean vehicle credits

The final regulations, which the IRS issued Friday, also provide rules regarding the critical mineral and battery component requirements for the new clean vehicle credit, and they add a new test for mineral content.

Practitioner service improvements part of IRS strategic operating plan

The IRS aims to improve service on the tax practitioner phone line and build a better online account for tax professionals, Commissioner Danny Werfel said Thursday.

Tax Court has jurisdiction to hear taxpayers’ case

A notice of deficiency’s petition filing deadline controls despite, in an ‘obvious mistake,’ being more than a year after the notice’s mailing date.

IRS Appeals abused its discretion by abruptly ending CDP hearing

Rejection of the taxpayer’s proposed collection alternatives was ‘hasty,’ the Tax Court finds.

Time for a tax practice tune-up

Building on busy season’s lessons learned, CPAs can turn to optimizing performance going forward.

Excise tax imposed on $25 million in excess IRA contributions

The Tax Court rebuffs the taxpayer’s argument that the Sec. 4973 tax is actually a penalty.


In Paris and Beyond, 6 Sumptuous European Hotels

For Olympics-goers and just plain vacationers, here are new accommodations that offer a special taste of France, Italy and Greece.By Stephanie Rosenbloom

How a Tiny Chicago News Organization Won 2 Pulitzers

The Invisible Institute, a nonprofit newsroom with roughly a dozen journalists, was recognized for local and audio reporting.By Benjamin Mullin

A Chinese Restaurant Is Winning the Kendrick Lamar-Drake Beef

New Ho King, open since 1976 in Toronto, has become an unlikely pop-culture battleground after being featured in songs from both rappers.By T.M. Brown

Tensions Rise in Silicon Valley Over Sales of Start-Up Stocks

The market for shares of hot start-ups like SpaceX and Stripe is projected to reach a record $64 billion this year.By Erin Griffith

Got an Idea for a Toy? Toymakers Want to Hear From You.

Companies like Lego and Mattel have divisions that seek out design concepts directly from collectors and other highly dedicated fan bases.By Isaac Aronow

Sam Ash Music Stores to Close After 100 Years in Business

The chain, which started with a single shop in Brooklyn in 1924, said it would close all 42 of its locations by the end of July, citing competition from online retailers.By Michael Levenson

Black Entrepreneurs, Frustrated by High Rates, Look to the Election

In the battleground state of Georgia, some Black entrepreneurs are frustrated over the impact of higher interest rates, a source of economic anxiety.By Peter S. Goodman


Unlock Success By Scaling Your Company With These Best Practices

From my personal experience as a young CEO, I discovered that too many businesses think more sales means it’s time to scale. However, that’s not the whole picture.

The Client Experience: Elevating Beyond Customer Service

Excellence in client experience isn’t just a strategy; it’s a culture that should permeate every level of your organization.

Human Connection And How Your Brand Can Achieve This

The following recommendations are geared toward helping customers develop more of an affinity for your brand.

Beyond Sales: How To Utilize CRM To Empower A Whole-Business Strategy

I believe that understanding the significance of CRM software as well as the best practices for integrating, adopting and implementing this tool has become paramount.

Matching Cancer Patients To Trials And Treatments With Triomics

Triomics has raised $15 million of funding as it moves to commercialise its AI platform for oncologists, hospitals and healthcare providers

Are You A Good Boss? How To Find Out

Great leaders know that leadership isn’t about them.

What Was The First Thing You Asked ChatGPT? Entrepreneurs Reveal All

ChatGPT was released in November 2022, but it's used very differently by professionals today. AI experts and business leaders reveal the first thing they asked ChatGPT.


Inside video game economics (Two Indicators)

Why do video game workers offer labor at a discount? How can you design a video game for blind and sighted players? Does that design have lessons for other industries?

Planet Money

Money makes the world go around, faster and faster all the time. At Planet Money, a multimedia team of reporters tracks down the economists, investors and regular folks who are trying to make sense of the rapidly changing global economy.

Oil industry could help the Biden administration tap 'invisible' green energy

The White House wants a twenty-fold increase in geothermal energy production to fight climate change and it's counting on the oil and gas industry for help.

A Swiss Army Knife without the knife: Victorinox to offer bladeless products

Some governments have been cracking down on the knives people can carry in public as crime has increased. Victorinox said any bladeless offerings wouldn't replace its selection of Swiss Army Knives.

The do's and don'ts of lending money

What do you do if a loved one asks to borrow a big sum of money from you? Experts weigh in on when it's OK to fork over the cash — and when you should probably say no.

The FDA misses its own deadline to propose a ban on formaldehyde from hair products

It is unclear why the suggested rule was not released by its intended deadline. But a spokesperson for the federal agency told NPR that its implementation "continues to be a high priority."

We, The Voters

The Left. The Right. The Disillusioned.