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 August 20, 2024
Harris Calls For 28% U.S. Corporate Tax Rate
The Democratic presidential nominee's plan is in line with the corporate tax rate the Biden administration proposed in March.
Taxes August 19, 2024
U.S. Olympians Get Tax Break for Medals and Financial Awards
Until 2016, the U.S. taxed Olympic medal winners on the value of the medals won. A law enacted in 2016 excluded the value of Olympic medals from tax for those with incomes of $1 million or less, starting in 2016.
Taxes August 19, 2024
IRS Encourages Pre-Filing Registration for Elective Pay Claims
The agency recommends that taxpayers submit the pre-filing registration at least 120 days before the planned filing date.
Taxes August 19, 2024
IRS Reminds Truckers of Key Tax Deadline
Taxpayers who operate large trucks and buses have until Sept. 3 to file Form 2290 for vehicles used in July 2024, the IRS said.
Accounting September 19, 2024
Archived Webcast: Tax Firm Innovation: Assessing and Enhancing Your Current Processes
With so many new features, automation technologies and firm modernizations coming out in 2024, Tax & Accounting professionals have a lot to keep up with. Join us for an informative webinar where we press pause on all these notifications and break it down.
Taxes August 16, 2024
IRS Opens 2025 Tax Compliance Program for Corporations
The application period for the 2025 Compliance Assurance Process program will be from Sept. 4 until Oct. 31, the agency said Thursday.
Taxes August 15, 2024
IRS is Reopening Voluntary Disclosure Program for Improper ERC Claims
Businesses that apply for and are accepted into the program have to repay 85% of the credit back to the agency.
Taxes August 14, 2024
Americans Claimed More Than $8 Billion in Clean Energy Credits Last Year, IRS Says
Over 3.4 million U.S. families claimed $8.4 billion in tax credits to lower the costs of their home energy upgrades, new data shows.
IRS August 14, 2024
IRS Updates WISP Guide for Tax Pros
The new Written Information Security Plan template was updated to help protect practitioners and their clients from identity thieves.
Taxes August 14, 2024
Harris, Trump Duel for Voters With Budget-Busting Tax Proposals
The presidential candidates are trying to court voters in key battleground states ahead of a battle to rewrite the tax code.
Taxes August 12, 2024
IRS Shares New Draft Version of Crypto Tax Form
The fresh draft version of Form 1099-DA comes on the heels of the final regulations on crypto broker requirements being issued in June.
Taxes August 12, 2024
Vance Floats $5,000 Child Tax Credit
JD Vance didn't offer specifics on who would qualify for the tax credit if expanded from its existing maximum of $2,000 per child.