Firm Management October 23, 2026
The Future of Your Tax Practice is Connected. Here’s Your Path Forward
Connect your team, clarify next steps, and cut the chase—so your practice grows. Here’s how.
Taxes August 28, 2025
Zuckerberg Pressed Trump on Digital Taxes Before Tariff Vow
President Donald Trump threatened to inflict “substantial” tariffs on countries that impose digital taxes just days after Meta Platforms Inc. CEO Mark Zuckerberg raised concerns about the levies during a White House meeting.
OBBBA Tax Act August 28, 2025
Business Interest Limits: Take Advantage of the Expanded Rules
The One Big Beautiful Bill Act greatly expands business interest deduction limits, which is a boon to capital-intensive businesses with significant interest expense — potentially reducing their federal corporate tax liability and enhancing financial flexibility.
Special Section: Guide to 2025 Tax Changes August 27, 2025
Secure the Best Deductions for Mortgage Interest Payments Under the New Tax Law (OBBBA)
The new “One Big Beautiful Bill Act” (OBBBA) extends some mortgage interest deduction cutbacks permanently, but it extends an olive branch to taxpayers.
Taxes August 27, 2025
IRS Aims to Withdraw Disregarded Payment Loss Rules
The Treasury Department and the IRS said Aug. 20 that they intend to issue proposed regulations withdrawing the DPL rules and related modifications to the dual consolidated loss rules that were finalized toward the end of the Biden administration.
Taxes August 27, 2025
Texas Man Pleads Guilty to Concealing $2.8M in Income from Taxes
Jason Smith of Kerrville, TX faces a maximum penalty of three years in prison for each count of filing a false tax return, as well as a period of supervised release, restitution, and monetary penalties.
Taxes August 27, 2025
H&R Block Sent Workers Home to Celebrate Taylor Swift and Travis Kelce Engagement
In an email to employees, H&R Block Chief People Officer Tiffany Monroe congratulated Swift and Kelce and also H&R Block staff "for being part of the only company that understands that life changes = tax changes."
IRS August 26, 2025
IRS Unveils 2026 Draft W-2 Form with Trump Tax Law Provisions
The IRS released a draft W-2 form for 2026 on Aug. 15 that takes into account tax provisions in the One Big Beautiful Bill Act for deductions related to tip income and overtime pay.
Taxes August 26, 2025
IRS Issues Fact Sheet on Expiring Clean Energy Tax Incentives
The IRS on Aug. 21 issued a fact sheet containing frequently asked questions about Biden-era clean energy tax credits and deductions soon to expire under the One Big Beautiful Bill Act.
Taxes August 26, 2025
Trump Vows Export Curbs, Tariffs in Digital Tax Reprisal
The president threatened to impose fresh tariffs and export restrictions on advanced technology and semiconductors in retaliation against other nations’ digital services taxes that target U.S. technology companies.
Taxes August 25, 2025
IRS Says Tax Interest Rates to Stay Unchanged for Q4 of 2025
For individuals, the rate for overpayments and underpayments will be 7% per year, compounded daily, the IRS said on Aug. 25.
Taxes August 25, 2025
‘Ghost’ Tax Preparer Sentenced to 22 Months in Prison for Tax Fraud
Kim Brown, 40, of Augusta, GA, pleaded guilty to two counts of aiding and assisting in the preparation and filing of false income tax returns, according to the U.S. attorney for the Southern District of Georgia.
IRS August 25, 2025
Taxpayer Input Sought on Free Tax Filing Options as IRS Direct File Faces Elimination
Taxpayers have through Sept. 5 to fill out a survey that will be presented to Congress, as the Biden-era program that allows taxpayers to file their taxes for free is at risk of being shut down.