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 October 8, 2025
IRS Offers Penalty Relief for Cross-Border Remittance Transfer Tax Rules
Notice 2025-55 provides relief in connection with the new 1% excise tax imposed on certain remittance transfers under the One Big Beautiful Bill Act.
Taxes October 8, 2025
GM Cuts Short EV Tax Credit Extension Program
The company will continue to offer about $6,000 in savings on electric vehicle leases through October, with the cost footed by General Motors.
OBBBA Tax Act October 8, 2025
New 2025 Tax Law Tweaks Family and Medical Leave Credit – OBBBA Tax Law Changes
Employers should consider all the ramifications of the new law changes. They may assess adjustments to its fringe benefits package and the alternative method for claiming the family and medical leave credit.
OBBBA Tax Act October 8, 2025
New Tax Law Improves Incentives for Business Property – OBBBA Tax Law Changes
Now the OBBBA boosts the annual Section 179 deduction limit to $2.5 million for 2025 and makes it permanent. Plus, the phase-out threshold jumps to $4 million.
Taxes November 4, 2025 Sponsored
Archived Webinar: OB3 New Tax Bill (Panel Discussion)
Join us for a timely and in-depth panel discussion unpacking the One Big Beautiful Bill Act, the landmark reconciliation legislation signed into law on July 4, 2025.
Technology October 7, 2025
Bloomberg Tax & Accounting Unveils Tax Credits and Incentives Tool
The Bloomberg Tax Credits & Incentives Tool, powered by Incentify, offers practitioners an integrated discovery engine with comprehensive access to federal, state, and zone-specific incentives.
IRS October 6, 2025
Jarod Koopman Named IRS Acting Chief Tax Compliance Officer
In this acting role, Koopman will oversee IRS compliance operations, including the LB&I division, SB/SE division, TE/GE division, IRS-CI unit, Office of Professional Responsibility, Return Preparer Office, and the Whistleblower Office.
Taxes October 6, 2025
TIGTA Launches Interim Website During Government Shutdown
The interim website gives taxpayers access during the government shutdown to the watchdog's latest reports and keeps open ways for people to report fraud, waste, and abuse within IRS programs or by IRS employees.
IRS October 6, 2025
A CEO at the IRS: Treasury Department Names Frank Bisignano to Fill New Role
Bisignano will report directly to Treasury Secretary Scott Bessent, who is also acting chief of the IRS, managing the organization and overseeing all day-to-day operations while also continuing to serve in his role as head of the Social Security Administration.
AICPA October 3, 2025
AICPA Renews Call to Except All IRS Employees for Duration of Shutdown
The new tax law requires additional guidance to ensure compliance; without full staff, this guidance could be delayed, as we’ve seen during previous shutdowns.
Taxes October 3, 2025
IRS Posts Guidance on Opportunity Zone Tax Incentives for Rural Areas
The Treasury Department and the IRS issued new guidance Sept. 30 on qualified opportunity zone investments in rural areas under the One Big Beautiful Bill Act, the tax-and-spending bill signed into law in July.
Taxes October 2, 2025
IRS Extends Form 6765 Comment Period to March 31, 2026
The agency said Oct. 1 that it wants to receive additional feedback about the draft instructions for Form 6765 and is extending the dates for certain reporting rules related to the Credit for Increasing Research Activities, also known as the research tax credit.