Taxes July 15, 2026
Make the IRS an Offer It Can’t Refuse
The IRS won’t agree to an offer-in-compromise unless the amount offered is equal to or greater than the reasonable collection potential.
Taxes June 29, 2026
Tax Court Reviews ‘Cohan Rule’ in New Business Expense Case
There’s no substitute for keeping accurate records that can prove the existence and amount of deductible expenses.
Small Business June 26, 2026
Tax Court Doesn’t Horse Around in New Hobby Loss Case
After examining all the evidence, the Tax Court ruled that the activity doesn’t rise to the level of a business. Result: All the loss deductions are denied.
Taxes June 24, 2026
Taxpayer Advocate Tells Congress About IRS Hits and Misses This Tax Season in New Report
"In the end, the IRS performed better than expected in most respects," Erin Collins said. "But taxpayers who required assistance from the IRS often struggled to get it."
Taxes June 24, 2026
IRS Sets Introductory Guidelines on AI Use for Tax Professionals
The IRS Office of Professional Responsibility released an alert on Wednesday containing guidelines tax professionals should follow when using generative artificial intelligence in practice.
Taxes June 23, 2026
Former Fugitive Ohio Pharmacist Pleads Guilty to Defrauding IRS
In February, Sbeih Sbeih, 57, was arrested in the eastern European country of Georgia after he was a fugitive for 11 years.
IRS June 22, 2026
DOJ Rejects Judge Request to Certify $1.8 Billion ‘Weaponization’ Fund Nixed
The fund was part of a settlement to resolve President Donald Trump's $10 billion lawsuit seeking to hold the Internal Revenue Service liable for a leak of his tax information.
Taxes June 18, 2026
Confusing CP53E Notices from IRS Results in AICPA Requesting Adjustments and Offering Recommendations on Their Use
Many taxpayers were confused by the IRS notices, which some received simply for requesting overpayments be applied to next year's taxes.
Taxes June 16, 2026
AICPA Submits Comments to Treasury, IRS on Accounting Method Change Procedures
The recommendations focus on adopting an “issue under consideration” standard to expand a taxpayer’s ability to correct any erroneous methods of accounting while still under examination.
IRS June 11, 2026
IRS Restructures Security Summit to Better Tackle Tax-Related ID Theft and Fraud
The IRS will work more closely with payroll providers and created five work groups as part of a restructuring of its Security Summit program to quash tax-related identity theft and fraud.
Taxes June 11, 2026
IRS Provides Year in Review in 2025 Data Book
The IRS has released its 2025 Data Book, which provides the latest stats on revenue collected, refunds, taxpayer services, audits and compliance, and the agency's budget and workforce.
Taxes June 11, 2026
Treasury, IRS Provide Section 892 Tax Relief for Sovereign Investors
The additional guidance addresses the applicability dates of last year's proposed regulations under IRC Section 892 that exempt foreign governments, including sovereign wealth funds, from tax on certain income derived from passive U.S. investments.
Taxes June 11, 2026
IRS Intends to Issue Proposed Regulations for Executive Compensation at Tax-Exempt Groups
The Treasury Department and the IRS said last week they plan to issue proposed rules addressing the tax on excessive compensation and excess parachute payments to top executives of tax-exempt organizations under the One Big Beautiful Bill Act.