Accounting February 19, 2026
Voting Opens for 2026 Readers’ Choice Awards!
Voting in the 2026 Readers’ Choice Awards is now open. Readers can vote for the programs, hardware, services, and other technologies they use and trust.
Taxes February 17, 2025
Trump Cabinet Member Blames Democrats for IRS Audit
Secretary of Defense Pete Hegseth accused former President Joe Biden’s administration of rushing an IRS audit into him in a post to social media platform X on Monday.
Accounting February 17, 2025
Voting Is Closed for 2025 Readers’ Choice Awards
Voting in the 2025 Readers’ Choice Awards is now open. Each year, readers get the opportunity to show their support for the programs, hardware, services, and other technologies they use and trust.
Taxes February 16, 2025
IRS Could Lay Off 15,000 Staff This Week, During Peak Tax Season
According to ABC News and the Associated Press, up to 15,000 workers at the Internal Revenue Service could be laid off from their positions in the next week.
AICPA February 14, 2025
AICPA Highlights Key Concerns for Individuals to Keep in Mind During 2024 Tax Season
As taxpayers navigate the challenges of tax season, the American Institute of CPAs (AICPA) is identifying areas individual filers to be aware of for this filing season.
Taxes February 14, 2025
AICPA Recommends Scaling Back Section 199A QBI Deduction Limitation
Section 199A generally allows owners of pass-through entities to deduct 20 percent of the owner’s QBI earned in a qualified trade or business.
Taxes February 13, 2025
New IRS Guidance on Cryptocurrency Complicates Reporting But Includes Temporary Safe Harbor
With cryptocurrency's increase in popularity, the IRS has introduced some complicated reporting requirements to ensure compliance with U.S. tax laws.
Taxes February 12, 2025
Mastering Tax Season: 4 Ways to Manage Unprepared or Late Clients
Make sure to explain how their current pricing tier doesn’t include the things they need and how your additional services can help them stay on top of taxes throughout the year.
Taxes February 12, 2025
New Jersey CPA Sentenced in $9M Syndicated Conservation Easement Tax Scheme
A New Jersey accountant has been sentenced to 24 months in prison for his role in the promotion and sale of abusive syndicated conservation easement tax shelters.
Taxes February 11, 2025
$1,928 is the Average Refund Amount So Far This Tax Season
Since the start of the 2025 tax filing season on Jan. 27, the IRS has issued 3.23 million refunds with an average refund amount of $1,928 as of Jan. 31, the agency said last week.
Small Business February 7, 2025
Tax Court Sides with IRS: Businesses Need to Prove Their Expense Deductions
If you’re a self-employed individual, you can deduct your “ordinary and necessary” business expenses, just like the corporate giants do. However, you’re also held to the same strict substantiation rules.
IRS February 6, 2025
IRS Employees Who Planned to Take Trump’s Offer to Leave Now Told They Must Stay Through Tax Season
The IRS has notified workers essential to tax season that they must work until May even if they accepted the Trump administration's federal employee buyout offer, the deadline of which was put on hold temporarily by a federal judge on Feb. 6.
State and Local Taxes February 6, 2025
Trump Considers Ending Carried Interest, Expanding SALT Deduction
President Donald Trump outlined his tax priorities in a meeting with Republican lawmakers, including a call to end the carried interest tax break used by private equity fund managers and expand the state and local tax deduction.