Taxes January 26, 2026
Welcome to Tax Season 2026
The IRS today opened the 2026 tax filing season and began accepting and processing federal individual income tax returns for tax year 2025.
Taxes February 1, 2024
2024 Tax Refund Date Estimator
In most cases, early tax filers who are a due a refund can often see the refund as early as mid- or late February if they have it direct deposited. That’s without an expensive “tax refund loan” or other similar product.
![ut_austin_house_for_rent_1_.5713d02d8e979[1]](https://www.cpapracticeadvisor.com/wp-content/uploads/2022/07/34677/use_for_rent_1_.5713d02d8e979_1_.5d5453fd9945a.png)
Taxes February 1, 2024
Tax Court Says Group Overshot on the Augusta Rule
If the rental period lasts 14 days or less—in other words no more than two weeks—you don’t have to report any of the taxable income to the IRS On the other side of the coin, the rental expenses aren’t tax-deductible, either.
Taxes February 1, 2024
Tax Relief for Fire Victims Clears Major Hurdle with House Vote
The measure was approved 357-70 by the House of Representatives as part of a bipartisan tax deal that included fire victim tax relief.
Taxes February 1, 2024
IRS Says It Won’t Change Decision to Tax Minnesota Rebate Checks
The state’s rebates didn’t fall under the category of general welfare or disaster relief, both of which can be excluded from federal taxes.
Taxes January 31, 2024
House Passes Bipartisan Tax Bill Without SALT Changes
The bill would devote about $33 billion to reviving a trio of business tax breaks and roughly the same amount to expand the child tax credit.
Small Business January 30, 2024
U.S. Sales Tax Rate Changes Hit 10-Year High
In 2023, businesses faced 444 sales tax rate changes spanning state, county, city and district jurisdictions, marking a 17% rise from last year's combined rate changes. This surpasses the former record of 412 rate changes witnessed in 2017.
Taxes January 29, 2024
Trump Tax Leaker Gets 5 Years in Prison
Charles Littlejohn had pleaded guilty to stealing Donald Trump’s tax records from the IRS and leaking them to the New York Times.
Taxes January 29, 2024
IRS Direct File Launches for Low-Income Taxpayers in 12 States
Taxpayers in 12 states — Arizona, California, Florida, Massachusetts, New Hampshire, Nevada, New York, South Dakota, Tennessee, Texas, Washington, and Wyoming — will have access to a new program from the IRS called Direct File.
Taxes January 29, 2024
IRS Chief Gives a Shout-Out to Tax Professionals as 2024 Filing Season Begins
IRS Commissioner Danny Werfel had a message today for all tax professionals as they embark on another filing season: Thank you.
Taxes January 29, 2024
IRS Starts Accepting Returns and Extends Hours at Tax Assistance Centers
2024 Tax Refund Calendar: How to Estimate When You May Receive Your Refund.
Taxes January 26, 2024
Florida Tax Preparer Gets Prison for False Returns and Online Romance Scam
Between 2015 and 2020, Coates claimed $228,788 in tax refunds on her individual federal income tax returns by falsely reporting that taxes had been withheld from her income and had been paid to the IRS.
Taxes January 26, 2024
IRS-CI to Host ERC Seminars for Tax Professionals
The sessions held in February aim to ensure that tax professionals have the latest ERC information and understand ERC eligibility criteria.