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.
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Taxes January 21, 2025
AICPA Offers Strong Support for Bipartisan, Bicameral Legislation Postponing Federal Tax Deadlines for State-Declared Disasters
The current statute requires the IRS to wait for a federal disaster declaration, which cannot happen until after the disaster occurs, in order to grant deadline extensions.
Taxes January 21, 2025
IRS Issues Guidance on State Paid Family and Medical Leave Programs
The IRS recently released guidance on the income and employment tax treatment of contributions and benefits paid in certain situations under a state paid family and medical leave program, as well as the related reporting requirements.
Taxes January 21, 2025
Trump to Impose 25% Tariffs on Mexico and Canada by Feb. 1
Both Canada and Mexico have said they’d retaliate against American goods if Trump slaps tariffs on them. The USMCA is up for review in 2026.
Taxes January 17, 2025
Treasury Nominee Warns of ‘Devastating’ Consequences if Tax Cuts Lapse
Taxes and tariffs took center stage Thursday at a hearing for President-elect Donald Trump's intended Treasury secretary nominee Scott Bessent.
Taxes January 17, 2025
Sens. Rosen, Cruz Re-Introduce Bipartisan ‘No Tax on Tips’ Bill
During the election cycle, President-elect Donald Trump campaigned on the promise to eliminate taxes on tips—a policy he first introduced during a rally in Las Vegas.
Taxes January 17, 2025
Reconciliation Debate to Test ‘Tax Cuts for the Rich’ Narrative
Washington is poised once again to return to united Republican control, and the GOP is preparing to extend the Tax Cuts and Jobs Act paired with deep cuts to federal programs that lower-income households rely on, such as Medicaid.
Taxes January 16, 2025
IRS to Pilot Changes to Alternative Dispute Resolution Programs
The initiative focuses on changes to the existing Fast-Track Settlement (FTS) and Post-Appeals Mediation programs, and introduces a third pilot, Last Chance FTS.
Taxes January 16, 2025
Democrats Say Treasury Nominee Scott Bessent Avoided Medicare Tax on Hedge Fund Earnings
Senate Democrats are gearing up for a fight against Scott Bessent, President-elect Donald Trump's pick for Treasury secretary, with questions about his fitness to hold the office based on a review of his tax returns.
Taxes January 16, 2025
What’s at Stake as House GOP, Dems Debate Extending Trump Tax Cuts
There's less than a week before President-elect Donald Trump begins his second term, and congressional Republicans are already working to preserve one of his signature policies.
Taxes January 15, 2025
Deadline for Forms W-2, W-3 and 1099-NEC Due on Jan. 31, Says IRS
Employees should also be provided with their copies by this date, so they can make preparations for filing taxes by April 15.
Taxes January 13, 2025
The Top 10 IRS Criminal Cases of 2024
The IRS says the defendants in these cases committed millions of dollars in fraudulent activity, duped investors into believing they were going to strike it rich and tried to funnel money to terrorist organizations.
Taxes January 13, 2025
California Joins IRS By Moving Tax Filing Deadline to Oct. 15 for Los Angeles County Residents
The tax deadline change, permitted under presidential disaster declarations, is similar to those in previous years when flooding or wildfires hindered residents and business owners suffering from property loss or damages.