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.
IRS June 12, 2025
Senate Confirms Billy Long as IRS Commissioner
The former Missouri lawmaker won confirmation on June 12 to be the next commissioner of the IRS, leading an agency that will play a key role in administering new tax breaks if Congress passes the “big, beautiful” reconciliation package.
Taxes June 12, 2025
CBO: Republican Budget Bill Would Take From the Poor, Give to the Rich
The reconciliation bill passed by the House would most benefit high earners and reduce financial resources available to the lowest-income households, the Congressional Budget Office said on June 12.
IRS June 12, 2025
Tax Industry Groups Urge Treasury to Prioritize IRS Stability
A coalition representing tax professionals urged the Treasury Department in a letter to take immediate steps to preserve core IRS functions—for both taxpayers and practitioners—amid workforce reductions at the tax agency.
Taxes June 12, 2025
Treasury Reviews Hundreds of Colleges’ Tax-Exempt Status Over Race
The Treasury Department is considering changing rules to revoke tax-exempt status for colleges that consider race in student admissions, scholarships, and other areas.
IRS June 11, 2025
Former IRS Chief Danny Werfel Joins Alliant Strategic Advisory Board
Danny Werfel, who served as IRS commissioner during the Biden administration, has joined the strategic advisory board of alliant, a Houston-based professional services and consulting firm formerly known as alliantgroup.
Taxes June 11, 2025
House Adopts Fixes to Keep ‘Big, Beautiful Bill’ Filibuster-Proof
The need for fixes risked derailing the reconciliation package containing most of President Donald Trump’s agenda, from tax cuts and border security to spending cuts and a major increase in the nation’s borrowing limit.
Taxes June 10, 2025
Don’t Pass Up Form 8300 Filing Requirements
A company that sells automobiles through an auction house claimed a software glitch outside of its control led to the non-filing of Form 8300. Did the Tax Court give the company a pass?
Taxes June 10, 2025
IRS Extends Tax Deadlines for Victims of Oklahoma Wildfires
Those impacted by the wildfires that destroyed at least 530 homes and businesses in parts of Oklahoma last March will now have until Nov. 3, 2025, to file various federal individual and business tax returns and make tax payments.
State and Local Taxes June 6, 2025
Fight Over a SALT Cap Deal Hits a Snag in the Senate
Senate Majority Leader John Thune (R-SD) has suggested the upper chamber will have to make some changes to the massive tax breaks and spending package passed by the House—including to the SALT cap.
Taxes June 5, 2025
Trump Says Musk’s Tax Bill Criticism is Over EV Mandate Cut
The president hit back at the Tesla CEO over his criticism of Republicans' massive budget proposal, suggesting the tech mogul is primarily upset over provisions that slash government support for electric vehicles.
Taxes June 5, 2025
The Tax Blotter – June 2025
The IRS just released its annual “Data Book” providing vital information about the agency’s activities for its 2024 fiscal year (FY2024) spanning October 1, 2023, through September 30, 2024 .
Taxes June 4, 2025
Trump’s Tax Bill Would Add $2.4 Trillion to the Deficit, CBO Analysis Finds
If President Donald Trump’s “big, beautiful bill” passes, taxes will be cut by roughly $3.75 trillion but it will add $2.4 trillion to the overall deficit over the next decade, according to a new report from the Congressional Budget Office.