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 July 17, 2024
IRS Adds Extra Security Measures to Access FATCA Site
As of July 14, taxpayers must sign in or register with either Login.gov or ID.me to access the FATCA registration system.
Taxes July 17, 2024
Federal Court Shuts Down New York Tax Preparer
A federal court in the Eastern District of New York issued a permanent injunction yesterday against a Brooklyn, New York, tax return preparer.
Taxes July 15, 2024
IRS Warns on Social Media Tax Credit Scam
The agency has seen an influx of claims for the non-existent "self-employment tax credit," which is being promoted on social media.
Taxes July 12, 2024
IRS Warns Car Dealers and Sellers About Phishing Scams
A recent ransomware attack that impacted car dealerships prompted the IRS to alert vehicle dealers and sellers about these schemes.
State and Local Taxes July 12, 2024
As Gas Tax Funds Decrease, States Look to Add Fees on Delivery Services Like Amazon
tates have relied on gas taxes to provide much of the money to maintain roads and bridges. But as cars become more fuel efficient, and some Americans switch to electric vehicles, state leaders say the gas tax won’t pay the bills for much longer.
Taxes July 12, 2024
Why Small Businesses Need This 2017 Tax Cut to Continue
Small businesses are about to face a tax hike that will hurt workers and weaken communities if Congress does not take action.
Accounting July 12, 2024
AICPA Comments on Proposed Regs on Excise Tax on Repurchase of Corporate Stock
Section 4501(a) was enacted as part of the Inflation Reduction Act of 2022 and provides that a covered corporation is subject to “a tax equal to 1 percent of the fair market value of any stock of the corporation which is repurchased by such corporation during the taxable year.”
Taxes July 11, 2024
IRS Has Raked In More Than $1 Billion in Back Taxes From the Rich
The agency has launched several initiatives targeting wealthy individuals and large companies in an effort to close the tax gap.
Taxes July 10, 2024
IRS Issues FAQs About Clean Fuel Production Credit Registration
These FAQs address which entities must apply for registration for the tax credit pursuant to Notice 2024-49, which the IRS issued in June.
State and Local Taxes July 10, 2024
Federal Judge Sides With Maryland in Digital Ad Tax Dispute
The U.S. Chamber of Commerce and three trade associations argued the tax violates First Amendment rights to free speech.
Accounting July 10, 2024
Becker Launches Tax Representation Training with Tax Rep Network
Topics will include: IRS Enforcement of Individuals, Examinations of Cash-Intensive Businesses, IRS Collection Process, the Inside Secrets to Tax-Liens. New webcasts will be added monthly.
Taxes July 9, 2024
IRS Issues FAQs About Tax Advice Scams on Social Media
Schemes have centered on the Fuel Tax Credit, Sick and Family Leave Credit, household employment taxes, and overstated withholding.