Income Tax March 27, 2026
When Will I Get My IRS Income Tax Refund? Easy Chart Shows You
Probably 10-14 days after you clicked "submit" on your TurboTax form, or went to H&R Block, your professional CPA or EA or tax preparer clicked "send."
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Taxes February 6, 2025
AICPA Requests Changes to Tax Forms to Show Disaster-Impacted Returns
The American Institute of CPAs requested that the IRS incorporate a checkbox and Federal Emergency Management Agency (FEMA) disaster number space into various tax returns.
Taxes February 6, 2025
Cap on State and Local Tax Deductions Resulted in Higher Taxes, Says Survey of CPAs
The survey was created to gauge the impact of the $10,000 cap on SALT deductions imposed by the Tax Cuts and Jobs Act (TCJA) in 2017. The cap is due to expire this year.
Taxes February 4, 2025
IRS Says No Tax Deduction for IVF Expenses of Surrogate
In a new private letter ruling, the IRS said that in vitro fertilization (IVF) expenses for a surrogate on behalf of a married couple are not deductible by the couple as a medical expense under the tax code.
Taxes February 3, 2025
Only 1 in 4 People Feel Confident About Filing Their Taxes, Survey Finds
From a fear of being audited by the IRS to a lack of familiarity with U.S. tax laws, people across the country have expressed a diverse range of emotions as the April 15 federal income tax deadline looms closer, according to findings from a new Adobe survey.
Taxes February 3, 2025
Tax Identity Theft Victims’ Wait Times Are Slowly Getting Shorter, Taxpayer Advocate Says
The IRS is slowly cutting the time it takes to assist taxpayers who have been victims of tax-related identity theft, National Taxpayer Advocate Erin Collins said last week.
Taxes February 3, 2025
Top 10 Biggest Income Tax Credits and Deductions for 2025
Tax credits are usually a direct subtraction of what you owe, and can sometimes come back to you in your refund. A tax deduction generally reduces what your taxable income is. In this article, we're looking at the Top 10 tax credits and deductions, if you qualify!
Small Business February 3, 2025
Taxes for Gig Workers: Survey Shows Many Are Unprepared for Lower 1099-K Reporting Threshold
More than 20% of respondents plan to pay a tax professional for the first time as a result of 1099-K reporting changes and complexity.
Taxes January 31, 2025
AICPA Asks IRS to Lessen Burden on Tax-Exempt Organizations in Foreign Filing Process
In a letter submitted to the IRS on Jan. 27, the AICPA requested that the tax agency and the Treasury Department provide exemptions to, or streamlined reporting for, certain foreign filings required by exempt organizations.
IRS January 30, 2025
Taxpayer Advocate, AICPA Back Bipartisan Draft Bill to Improve IRS Administration
A discussion draft, released Thursday by Sens. Mike Crapo (R-ID) and Ron Wyden (D-OR), that proposes several ways to fix IRS procedures and administration has strong support from National Taxpayer Advocate Erin Collins and the AICPA.
IRS January 29, 2025
IRS Adds 18 New Members to Internal Revenue Service Advisory Council for 2025
Established in 1953, the IRSAC is an organized public forum for IRS officials and representatives of the public to discuss a broad range of issues in tax administration.
Taxes January 28, 2025
TIGTA Alerts Taxpayers of New Tax Season Text Message Scam
Scammers impersonating the IRS are texting taxpayers leading them to believe they're going to receive an economic impact payment, also known as a recovery rebate credit, but it's a scheme to steal their personal data, TIGTA said on Jan. 28.
Taxes January 27, 2025
What Should You Do If You Suspect Your Tax Preparer Is Being Investigated by the IRS?
The following is a detailed look at why your preparer's legal troubles place you at risk, what signs might indicate they are under scrutiny, and which immediate steps you can take to protect yourself from civil and criminal tax exposure.