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.
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Taxes February 6, 2025
AICPA Requests Changes to Tax Forms to Show Disaster-Impacted Returns
The American Institute of CPAs requested that the IRS incorporate a checkbox and Federal Emergency Management Agency (FEMA) disaster number space into various tax returns.
Taxes February 6, 2025
Cap on State and Local Tax Deductions Resulted in Higher Taxes, Says Survey of CPAs
The survey was created to gauge the impact of the $10,000 cap on SALT deductions imposed by the Tax Cuts and Jobs Act (TCJA) in 2017. The cap is due to expire this year.
Taxes February 5, 2025
So, You Received a 1099-K. Now What?
The IRS initially planned to lower the reporting threshold to $600, but implementation has been delayed. For the 2024 tax year, the threshold is $5,000, though reductions are expected in 2025 and 2026.
Taxes February 4, 2025
IRS Says No Tax Deduction for IVF Expenses of Surrogate
In a new private letter ruling, the IRS said that in vitro fertilization (IVF) expenses for a surrogate on behalf of a married couple are not deductible by the couple as a medical expense under the tax code.
Taxes February 4, 2025
Survey: One in Five Americans Would Rather Renew Driver’s License at a DMV Than Work on Their Taxes
A new survey from Invoice Home sought to uncover the current state of consumer tax filing for Americans in 2025 and the hurdles people are willing to put themselves through when it comes to filing annually.
Small Business February 4, 2025
Trump ‘Delays’ Tariffs on Mexico and Canada as Nations’ Leaders Threaten Their Own Tariffs
Trump on Monday shelved plans for wide-ranging tariffs on Canada and Mexico, after doing the same for Colombia the prior week. In each case, Trump relented despite countries promising only modest changes on border security and immigration.
IRS January 22, 2025
Why Trump’s Executive Order Should Not Impact IRS Hiring During 2025 Filing Season, According to an AICPA VP
Melanie Lauridsen, AICPA vice president of tax policy and advocacy, wrote on LinkedIn Tuesday that President Donald Trump's executive order halting the hiring of federal workers poses "no concern" to the IRS as the agency has already brought seasonal workers aboard for the 2025 tax season, which begins on Jan. 27.
Taxes January 21, 2025
Now That Trump is Back in Office, Here’s What to Expect for Your Taxes in 2025 and Beyond
With President Donald Trump back in the White House for a second term, Americans can expect to see major tax law changes in the years ahead.
Taxes January 21, 2025
Miami Lobbyist Charged with $600K Tax Evasion, Feds Say
Both Eston Melton and his wife, who once worked as a secretary at Miami-Dade County Hall, are registered as lobbyists with the county.
Small Business January 21, 2025
Minnesota Gov. Proposes Lower Sales Tax Rate and Spending Cuts
Gov. Tim Walz is pitching his first budget under the new Trump era as a counterweight to the incoming president’s threats to impose tariffs, which he says will raise costs on everyday Minnesotans.
Taxes January 21, 2025
IRS Probes Financial Firm That Was Focus of Pandora Papers Investigation
The tax agency has launched a probe into whether financial services firm Trident Trust Group helped well-heeled Americans evade taxes.
Taxes January 21, 2025
AICPA Offers Strong Support for Bipartisan, Bicameral Legislation Postponing Federal Tax Deadlines for State-Declared Disasters
The current statute requires the IRS to wait for a federal disaster declaration, which cannot happen until after the disaster occurs, in order to grant deadline extensions.