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.
August 9, 2024
AICPA Asks IRS to Simplify Filing of Revised Form 8308, Exchanges of Partnership Interests
These new filing requirements place an undue burden on taxpayers and tax practitioners by mandating the duplicate reporting of information already required to be reported on Schedules K-1.
Taxes August 8, 2024
The Tax Blotter – August 2024
The Tax Blotter is a round-up of recent tax legislation and rulings.
Taxes August 7, 2024
Tax Pros Now Required to Use Multi-Factor Authentication to Protect Client Data
Tax pros should always enable MFA within tax software products and cloud storage services containing sensitive client data, and they should never share usernames.
Taxes August 7, 2024
Taxpayers Claimed $8 Billion in Inflation Reduction Act Tax Credits for Clean Energy and Efficient Home Improvements
The Inflation Reduction Act, or IRA, extended and expanded tax credits PDF that allow taxpayers to claim residential and energy efficient home energy credits.
Taxes August 6, 2024
New York to Send Child Tax Credit to Recipients by Mail
The checks will be delivered to families who received the Empire State Child Credit in the 2023 tax year. Filers are eligible for the credits if they have children under age 17 and qualify for the federal child tax credit.
Taxes August 2, 2024
Bipartisan Tax Bill with Child Tax Credit and Business Provisions Fails in Senate
The measure wouldn’t affect separate R&D credits, but it would restore companies’ ability to claim full deductions for research expenses in the first year, something a broad coalition of industries has been angling for since that tax break got less generous at the start of 2022.
Taxes August 2, 2024
Report Says Undocumented Immigrants in U.S. Pay Nearly $100 Billion in Taxes
About one third of the total dollars collected from undocumented immigrants funded programs they’re mostly barred from using, including $26 billion to Social Security and $6 billion to Medicare, the report said.
Taxes August 1, 2024
Pennsylvania High Court to Consider Case on Pittsburgh’s ‘Jock Tax’
The case will go before the state's Supreme Court after a lower court ruled earlier this year that the tax is unconstitutional.
Taxes August 1, 2024
SafeSend Unveils New AI-Powered Tools for Tax and Accounting Professionals
SafeSend's Next Gen Gather AI feature aims to create a new standard for the "Tax Ready" process by addressing these critical issues.
Taxes July 31, 2024
AICPA Endorses Provisions of Tax Administration Simplification Act
The AICPA expressed its endorsement of provisions of H.R. 8864, the Tax Administration Simplification Act, which would apply the mailbox rule to electronically submitted tax returns and payments.
Taxes July 31, 2024
AICPA Offers Comments to IRS on Domestic Content Bonus Credit Requirements
Per the interim guidance, to qualify for the DCBC, customers will need to know the exact amount of the manufactured product and components costs and which components are domestically produced.
Taxes July 30, 2024
More than 1,000 IRS Employees Were Delinquent or Noncompliant on Their 2023 Income Taxes
Between October 1, 2021, and April 1, 2023, the IRS closed 1,175 cases with disciplinary actions, for 1,068 current employees, with confirmed tax noncompliance issues.