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.
Taxes February 26, 2025
AICPA Offers Strong Support for Disaster Tax Relief Bills in House
The Filing Relief for Natural Disasters Act would expedite the issuance of federal tax relief and provide the IRS with authority to grant tax relief once the governor of a state declares a disaster or state of emergency.
IRS February 26, 2025
Melanie Krause Named IRS Acting Commissioner as Douglas O’Donnell is Set to Retire
IRS chief operating officer Melanie Krause will be taking over as the agency's acting commissioner, a move that was announced by Treasury Secretary Scott Bessent on Monday after current IRS interim chief Douglas O'Donnell said he plans to retire on Feb. 28.
Taxes February 26, 2025
Tax Cut Chances Rise as House Republicans Pass Budget Targeting Safety Net
Chances for early action on Donald Trump's tax cut plans improved as House Republicans passed a budget blueprint Tuesday calling for deep cuts in safety-net programs such as Medicaid.
Taxes February 25, 2025
These States Have the Highest Property Tax Rates
WalletHub released a new study of the states with the highest property tax rates to give prospective homebuyers a better understanding of how much they can expect to pay each year.
Taxes February 25, 2025
Tax Court Rejects Self-Employment Claim by Freelance Movie Critic
Generally, self-employed individuals are required to pay annual self-employment tax, the equivalent of FICA tax for employees, on most business earnings.
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Taxes February 25, 2025
Nevada Woman Pleads Guilty to $98 Million Covid-19 Employment Tax Fraud
In total, these claims sought refunds of over $98 million, of which the IRS paid approximately $33 million. McCoy personally received over $1.3 million in fraudulent refunds and was...
Payroll February 23, 2025
Some Federal Agencies Tell Workers Not to Respond to Elon Musk’s Email Demand
The Pentagon and Department of Justice have told workers to pause on replying to the Trump administration’s email, citing potential legal pitfalls and agency autonomy.
February 21, 2025
The Tax Blotter – Feb. 2025
The Tax Blotter is a round-up of recent tax news briefs and tax court rulings.
IRS February 20, 2025
Trump Administration Fires 6,700 IRS Employees During Tax Season
The purge largely targeted newer “probationary” employees who have fewer protections than long-term workers.
IRS February 20, 2025
IRS Plans to Cut Thousands of Employees by Mail
A technical glitch prevented officials from notifying thousands of IRS employees via email that they were being terminated. The agency had to resort to paper.
Accounting February 20, 2025
FinCEN: New BOI Reporting Deadline is March 21
The beneficial ownership information reporting roller coaster that has been ongoing for the past two months because of various lawsuits is finally pulling into the station after a federal district court in Texas on Feb. 17 lifted the final nationwide injunction that had put the mandatory small business filings on hold since last December.
Taxes February 20, 2025
Congress Considers Tax Relief for Los Angeles Fire Victims
No one can say with certainty but lawmakers are hopeful that the partisan bickering that's dominated Washington debate will subside on the disaster tax relief issue.