Comprehensive Tax Resolution LLC

Inherited stock resets its tax bill to zero and here’s the IRS rule that does it

Inherited Stock Resets Its Tax Bill to Zero and Here’s the IRS Rule That Does It If you’ve ever inherited a stock portfolio, a rental property, or even a single share of grandma’s old utility company, the IRS hands you a quiet gift most heirs never notice. It’s called the step-up in basis, and it can wipe out decades of capital gains tax in a single moment. The rule resets...

A new $1700 tax credit lets you reroute money from the IRS to scholarships – but 23 states are sitting it out

A new $1,700 tax credit lets you reroute money from the IRS to scholarships — but 23 states are sitting it out A new tax credit allows you to donate $1,700 to a qualified scholarship-granting organization, dropping your federal tax bill by the full $1,700 on what you owe. But not all states have opted in.

IRS issues news release reminding taxpayers of free file availability after filing deadline

IRS Issues News Release Reminding Taxpayers of Free File Availability After Filing Deadline The IRS issued a news release reminding taxpayers who missed the filing deadline that they may still file their 2025 federal income tax return at no cost through IRS Free ...

When Congress reformed the IRS without starving it

When Congress Reformed The IRS Without Starving It Joseph J. Thorndike examines Congress’s reformation of the IRS, beginning in the 1950s.