Taxes February 6, 2026
IRS Issues Proposed Rules on Clean Fuel Tax Credit
The Treasury Department and the IRS released proposed regulations Feb. 3 on the clean fuel production credit under the One Big Beautiful Bill Act.
Taxes May 24, 2024
Tax Court: No Tax Exemption for This Legal Settlement
The taxpayer failed to report any of the $700,000 payment as taxable income on his return. So the IRS stepped in and the case ended up in the Tax Court.
Taxes May 22, 2024
IRS Extends Free File Program Through 2029
The five-year extension agreement between the IRS and Free File Inc. will continue the program through October 2029.
Taxes May 21, 2024
Tax Professionals Should Use the Most Current Version of OIC Booklet, IRS Says
The most recent version of Form 656-B, Offer in Compromise Booklet, was released by the IRS in April.
Taxes May 20, 2024
Cleared for Takeoff? Tax Credits Provide Runway for Cleaner Jet Fuel
Federal tax breaks aim to boost sustainable jet fuel production to curb emissions from commercial planes and meet climate targets.
Taxes May 15, 2024
IRS Adds Security Protections for CAF Program, Transcript Requests
The risk a compromised CAF number presents to practitioners and taxpayers is prompting these additional security measures.
Taxes May 9, 2024
IRS: No Change in Tax Interest Rates for Q3 2024
Starting on July 1, the rate for overpayments and underpayments for individuals will be 8% per year, compounded daily.
IRS May 9, 2024
IRS Increases HSA Contribution Limits for 2025
Beginning in January, you'll be able to contribute more to your health savings account, based on the IRS's latest inflation adjustments.
Technology May 8, 2024
Ledgible Program Assesses a Company’s Readiness for 1099-DA Reporting
The new program follows the release of the draft Form 1099-DA for digital asset transaction reporting by the IRS last month.
IRS May 7, 2024
IRS Chief: $400 Million in ERC Claims Have Been Withdrawn
During a House Appropriations subcommittee hearing May 7, Danny Werfel gave lawmakers an update on the tax credit's status.
Income Tax May 7, 2024
The Next Tax Deadline is May 15 for Tax-Exempt Orgs
While the April 15 tax deadline for most Americans to file their individual annual tax returns has passed, there are several deadlines each year, some for individuals, businesses, nonprofits and even organizations that are tax-exempt.
IRS May 6, 2024
IRS Issues FAQs on Disaster Relief For Retirement Plans and IRAs
The FAQs are intended to assist individuals, employers, and retirement plan and IRA service providers, the IRS said.
Taxes May 3, 2024
More Rich Americans Will Soon Be Hit With an IRS Audit, Werfel Pledges
But the IRS chief emphasized once again that audit rates won't increase for small businesses and taxpayers making under $400,000.