Taxes February 13, 2026
Tax Court Slams Brakes on Charitable Deduction
The Tax Court immediately nixed the deduction because of the inadequate substantiation and the lack of any appraisal for high-income items.
Taxes July 5, 2024
New Tax Scam Targets Clean Energy Tax Credit
In this latest scam, the IRS is seeing instances where unscrupulous tax return preparers are misrepresenting the rules for claiming clean energy credits under the Inflation Reduction Act (IRA).
Taxes July 5, 2024
Oklahoma Taxpayers Get Extended Deadline Due to Storms
These taxpayers now have until Nov. 1, 2024, to file various federal individual and business tax returns and make tax payments.
Taxes July 2, 2024
IRS: Security Threats Against Tax Pros Remain a Daily Threat
The IRS and its Security Summit partners announced the start of its annual "Protect Your Clients; Protect Yourself" campaign.
Taxes July 1, 2024
NYU Professional Studies to Host Tax Conferences
The events will focus on a range of topics including international and partnership taxation, trusts and estates, local and state taxation, and like-kind exchanges.
Taxes June 28, 2024
IRS Issues Final Regs on New 1% Excise Tax on Corporate Stock Repurchases
These final regulations require that the stock repurchase excise tax be reported on Form 720, Quarterly Federal Excise Tax Return, due for the first full calendar quarter after the end of the corporation’s taxable year.
Small Business June 28, 2024
Sales Tax Disputes Continue as Wayfair Sales Tax Decision Hits Six-Year Anniversary
Every state with a sales tax enacted an economic nexus law following the Wayfair decision, most within a matter of months.
Taxes June 27, 2024
IRS Offers to Settle With Certain Tax Avoidance Scheme Participants
The agency is looking to settle with some taxpayers under audit who participated in syndicated conservation easement deals.
IRS June 26, 2024
IRS Paid Out $88.8M to Whistleblowers in FY 2023
The agency gave whistleblowers 121 awards for information attributable to $338 million in tax revenue being collected in fiscal year 2023.
Taxes June 26, 2024
4 Key Takeaways From the National Taxpayer Advocate’s Mid-Year Report to Congress
While the 2024 filing season generally ran smoothly, there are still several challenges impacting taxpayers, Erin Collins says.
Taxes June 25, 2024
IRS Says Sorry to Ken Griffin for Tax Data Leak
The IRS apologized to the billionaire founder of Citadel for failing to protect his tax information from being leaked to the press.
Taxes June 21, 2024
Majority of Outstanding High-Risk ERC Claims Expected to Be Rejected
The review involved months of digitizing information and analyzing data since last September to assess a group of more than 1 million Employee Retention Credit (ERC) claims representing more than $86 billion filed amid aggressive marketing last year.
Taxes June 21, 2024
Florida Fisherman Pleads Guilty to Evading $400K in Taxes
He is scheduled to be sentenced on Sept. 17 and faces a maximum sentence of five years in prison, a period of supervised release, restitution and monetary penalties.