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.
OBBBA Tax Act October 23, 2025
The QBI Tax Deduction for Small Businesses Lives On – OBBBA Tax Law Changes
This is one of the most confusing provisions in the tax code and clients are likely to have plenty of questions. Keep them up to date on the latest developments and offer your services, when needed.
Taxes October 22, 2025
Here’s What the IRS Said About Tax Refunds During the Government Shutdown
The tax agency provided an update Tuesday on its website about the availability of certain IRS services during the stalemate, including whether refunds will still be sent to taxpayers.
Taxes October 22, 2025
AICPA Applauds the Passage of the IRS Math and Taxpayer Help Act
“The IRS Math and Taxpayer Help Act represents common-sense reform that enhances IRS operations and improves the taxpayer experience," Melanie Lauridsen, AICPA vice president of tax policy and advocacy, said Oct. 22.
Taxes October 22, 2025
Senate Bill Making it Easier to Fix Math Mistakes on Your Tax Return is Headed to Trump’s Desk
The bipartisan IRS MATH Act, as it’s known, cleared the Senate unanimously on Oct. 21, after previously winning approval in the House of Representatives on a voice vote in April.
Taxes October 22, 2025
Will 2026 IRS Income Tax Refunds Be Delayed Because of the Government Shutdown?
As the shutdown enters its fourth week, the effects are continuing to cause headaches for tax pros, and increasing worry about the 2026 income tax filing season.
Special Section: Guide to 2025 Tax Changes October 22, 2025
New Tax Law Revives Favorable R&E Deductions – OBBBA Tax Law Changes
The OBBBA restores this tax break for businesses, retroactive to the beginning of 2025. It also adds certain enhancements and transitional rules that may benefit clients.
Taxes October 21, 2025
IRS Provides Relief to Lenders for 2025 on Car Loan Interest Reporting Under OBBBA
The IRS issued transitional guidance on Oct. 21 that provides penalty relief to certain lenders on the new information reporting requirements for car loan interest received in 2025 under the new Trump tax law.
Taxes October 21, 2025
Illinois Gov. JB Pritzker Says He Opposes Head Tax in Chicago
Pritzker has come out in opposition to the reinstated $21-per-employee “head tax” on larger businesses that Chicago Mayor Brandon Johnson has proposed to raise an estimated $100 million to help balance the city's budget.
Taxes October 21, 2025
AICPA Seeks Safe Harbor for Reporting Tips and Overtime
The One Big Beautiful Bill Act created Internal Revenue Code sections 224 and 225, which temporarily allow a deduction for taxpayers for qualified tips and qualified overtime compensation.
Taxes October 21, 2025
Supreme Court is Told Trump Tariffs Are Illegal $3 Trillion Tax
Small businesses challenging many of President Donald Trump’s global tariffs urged the U.S. Supreme Court to affirm lower court rulings that the import levies amount to a massive illegal tax on American companies.
Taxes October 20, 2025
Koch, Anti-Tax Groups Harden GOP’s Tough Shutdown Stance
Influential conservative groups with deep pockets are pushing Republicans to demand steep concessions from Democrats in exchange for extending health care subsidies, a move that risks prolonging a U.S. government shutdown now in its 20th day.
Technology October 20, 2025
2025 Innovation Awards Announced: AI is Now an Essential Tech for Accounting Firms
Now in their 22nd year, the awards serve to honor new technologies that are helping advance the profession through increased efficiency and productivity.