Advisory September 16, 2026
Your Client Has 501(c)(3) Status. Is Its Illinois Real Estate Exempt?
State sales tax exemptions and property tax exemptions, often do not flow with federal public charity status.
Taxes October 1, 2024
IRS Looks to Improve Communication With Large Corporations During the Appeals Process
The agency is piloting a program that would make contacting IRS Appeals easier for large businesses with multiple representatives.
Taxes September 30, 2024
IRS Offers Tax Relief to Farmers and Ranchers Hit by Drought in 41 States
Under the guidance, farmers and ranchers may have an extended period of time to replace their livestock and defer tax on any gains from the forced sales or exchanges.
IRS September 27, 2024
IRS Reveals New Process For Third-Party Payers to Fix Erroneous ERC Claims
Third-party payers that filed prior ERC claims for multiple clients now have a way to "withdraw" those claims for clients that didn't qualify.
Taxes September 26, 2024
Attorney Flagged for Tax Evasion in New Case
In his efforts to evade tax liability, this attorney from Missouri committed multiple fraudulent acts, for which he was found guilty.
Taxes September 25, 2024
Trump and Harris Hit Must-Have States as They Clash Over Economic Visions
Kamala Harris was in Pennsylvania Sept. 25 while Donald Trump was in North Carolina—battleground states crucial for victory.
Taxes September 25, 2024
Senators Aim to Raise Tax Deduction for Small Businesses
Legislation introduced on Sept. 25 by three Senate Democrats would increase the startup tax deduction from $5,000 to $50,000.
IRS September 24, 2024
IRS Revises FAQs on Premium Tax Credit
The agency updated a section in its fact sheet about the refundable credit, which helps some taxpayers afford health insurance premiums.
Taxes September 23, 2024
IRS Posts New Per Diem Tax Deduction Rates For Business Travel
Come Oct. 1, the per diem rates will be $319 for business travel to high-cost locations and $225 for travel to low-cost areas.
Taxes September 23, 2024
Tax Professionals Might Be Contacted About IRS Survey
Tax pros could be randomly selected to take part in a voluntary survey to help the IRS improve services to practitioners and taxpayers.
Taxes September 23, 2024
Code for America’s Free Tax Filing Coming to More States
Civic tech nonprofit Code for America is broadening its tax filing simplification process to Maryland and North Carolina in January.
Taxes September 19, 2024
Three Whistleblowers Will Share One of the Largest Awards Ever Given By the IRS
The three people will share a $74 million payout for disclosing a tax evasion scheme that enabled the IRS to collect $263 million.
Taxes September 19, 2024
Best Practices for Tax Professionals Filing Returns During the 2025 Filing Season (For 2024 Taxes)
Tax law is always changing, and keeping up is what tax professionals are about, or they can end up with costly errors if new credits and deductions apply or changes in filing requirements take place.