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 February 13, 2026
The Tax Court immediately nixed the deduction because of the inadequate substantiation and the lack of any appraisal for high-income items.
February 12, 2026
February 12, 2026
Taxes October 2, 2025
The IRS is seeking volunteers to support the Volunteer Income Tax Assistance and Tax Counseling for the Elderly programs, which offer free basic tax return preparation to qualified individuals.
Taxes October 2, 2025
IRS employees across the Kansas City region are bracing for the full impact of a federal government shutdown poised to force thousands home without pay.
Taxes October 1, 2025
The IRS said on Oct. 1 that the Independent Office of Appeals has launched a two-year pilot program to increase awareness of post-appeals mediation, as well as to make it a more attractive option to taxpayers.
Taxes September 30, 2025
Under the plan, the Treasury Department would shift funding the IRS received from the Inflation Reduction Act into the taxing agency's operational budget.
Taxes September 30, 2025
The fee tax professionals pay to renew or apply for a preparer tax identification number will be reduced from $11 to $10 starting in mid-October, the IRS said on Sept. 29.
General News September 29, 2025
President Donald Trump and top congressional leaders have strong political incentives to stoke the ongoing stalemate during a White House meeting Monday even as they drive the U.S. to its first government shutdown in nearly seven years.
Taxes September 29, 2025
The American Institute of CPAs (AICPA) has sent an urgent letter to Treasury Secretary and Acting IRS Commissioner Scott Bessent, urging the Internal Revenue Service (IRS) to announce its contingency plan in preparation of a government shutdown on October 1, 2025.
Taxes September 26, 2025
The state's highest court on Sept. 25 ruled that Pittsburgh's "jock tax"—a 3% charge on the income of out-of-state athletes and performers who use the city's three major sports venues—is unconstitutional.
Taxes September 25, 2025
Republican proposals in Indiana and Ohio did not advance this year. Had either measure passed, it would have been the first refundable child tax credit approved in a conservative state.
Special Section: Guide to 2025 Tax Changes September 24, 2025
The One Big Beautiful Bill Act (OBBBA) authorizes a new tax deduction for auto loan interest, beginning in 2025 and ending after 2028.
Technology September 24, 2025
Designed for both new preparers looking for guided flows and cloud convenience, Drake Tax Online makes it easy for practitioners to prepare both individual and business returns from anywhere.
Taxes September 23, 2025
Starting Oct. 1, the per diem rates used to calculate tax deductions for business travel expenses will be $319 to high-cost locations and $225 to low-cost areas, which are the same amounts as the previous year.