Taxes November 5, 2026
IRS Adjusts Tax Brackets, Standard Deduction for Tax Year 2027
The IRS has released the tax year 2027 annual inflation adjustments for nearly 70 tax provisions.
Taxes October 1, 2025
Websites for TIGTA, Other Government Watchdogs Disappear as Government Shuts Down
For at least a half dozen government watchdog offices, their sites appeared blank on Oct. 1 except for a terse message: “Due to a lack of apportionment of funds, this website is currently unavailable.”
Taxes October 1, 2025
IRS Appeals Office Rolls Out Post-Appeals Mediation Pilot Program
The IRS said on Oct. 1 that the Independent Office of Appeals has launched a two-year pilot program to increase awareness of post-appeals mediation, as well as to make it a more attractive option to taxpayers.
Taxes September 29, 2025
AICPA Expresses Concern, Urges Immediate IRS Announcement of Contingency Plan in Preparation for Government Shutdown
The American Institute of CPAs (AICPA) has sent an urgent letter to Treasury Secretary and Acting IRS Commissioner Scott Bessent, urging the Internal Revenue Service (IRS) to announce its contingency plan in preparation of a government shutdown on October 1, 2025.
Taxes September 26, 2025
Pennsylvania Supreme Court Rules Pittsburgh’s ‘Jock Tax’ is Unconstitutional
The state's highest court on Sept. 25 ruled that Pittsburgh's "jock tax"—a 3% charge on the income of out-of-state athletes and performers who use the city's three major sports venues—is unconstitutional.
Special Section: Guide to 2025 Tax Changes September 24, 2025
Keys to the New Auto Loan Interest Tax Deduction Under the New Tax Law – OBBBA Tax Law Changes
The One Big Beautiful Bill Act (OBBBA) authorizes a new tax deduction for auto loan interest, beginning in 2025 and ending after 2028.
Taxes September 23, 2025
IRS to Phase Out Paper Refund Checks for Taxpayers Beginning Sept. 30
The IRS will begin phasing out paper tax refund checks for taxpayers starting Sept. 30, marking a major shift toward electronic payments, the agency said Tuesday.
Taxes September 23, 2025
Creating Unexpected Value for Estates and Trusts Through Accelerated Depreciation
While many accounting professionals are familiar with the benefits of a cost segregation study for investment assets acquired during life, fewer recognize the value this tool brings in the context of estate or trust administration.
Taxes September 23, 2025
New Tax Law Brings Major Changes to Tax Rules for Tips – OBBBA Tax Law Changes
The new tax law—the One Big Beautiful Bill Act—creates a limited tax deduction for tips received by workers, starting in 2025. However, this new tax break is only temporary.
Taxes September 22, 2025
Milwaukee Residents Receive Tax Relief From IRS After Flash Floods
Residents and business owners in three Wisconsin counties—Milwaukee, Washington, and Waukesha—now have until Feb. 2, 2026, to file various federal tax returns and make tax payments after flash floods swept through southeast Wisconsin in August.
Taxes September 22, 2025
What Happens if There’s a Federal Government Shutdown?
Congress is staring down a Sept. 30 deadline to extend federal funding and avoid a government shutdown after competing proposals from Republicans and Democrats were blocked Friday in the Senate.
Taxes September 19, 2025
AICPA Provides Recommendations to Simplify Filing for Complex Tax Issues Like Foreign Investments and Charitable Deductions
In a letter submitted to the Treasury Department and the IRS, the American Institute of CPAs has requested the improvement of several tax forms used by estates and trusts.
Taxes September 19, 2025
IRS, Treasury Release Guidance on ‘No Tax on Tips’ Deduction, Which Occupations Qualify
The Treasury Department and the IRS issued proposed regulations on Sept. 19 that confirm the occupations eligible for the deduction, which excludes any tips received for "illegal activity" and "pornographic activity."