Taxes May 13, 2025
A letter signed by the two actors urged the president to support tax measures and a federal tax incentive that would help bring film and TV production back to the U.S.
IRS May 9, 2025
Anthony Alford, 46, of Kansas City, who was accused of making a false gun threat that set off an active shooter lockdown at the Kansas City IRS campus last year, has been sentenced to three years in prison.
Accounting May 9, 2025
Now in their 21st year, the awards allow tax and accounting professionals from various specialties to identify the technologies they have found to be essential to their practice, including performing client service functions, staff management, collaboration, resource management, payroll, communications, or other tasks.
Taxes May 7, 2025
In addition to halting issuing of paper checks, the government will no longer accept paper checks as payment.
Taxes May 7, 2025
A recent agreement between the IRS and U.S. Immigration and Customs Enforcement to share immigrants’ tax information has raised growing concern about how data tied to ITINs and their holders might be used.
Taxes May 7, 2025
Along with casualty losses, deductions for personal theft losses remain suspended at least through the end of the year, although there are certain exceptions.
Taxes May 6, 2025
Form 8971 is an important tax form for estates required to file a federal estate tax return. Executors file this form to report the final estate tax value of property distributed or to be distributed from the estate.
IRS May 5, 2025
A new report from the Treasury Inspector General for Tax Administration provides an update on the IRS’s efforts to reduce its workforce, as well as a snapshot of IRS business units impacted.
Taxes May 5, 2025
A new Deloitte survey found that transparency and digitalization continue to be key priorities for tax leaders around the world, while sustainability is having a bigger impact on companies in the midst of ongoing regulatory uncertainty.
Taxes May 5, 2025
The White House hasn’t provided any details of how the tax break would work, but the president touted it during the 2024 campaign and reiterated his support last month.
Taxes May 5, 2025
Experts say the IRS would face an “uphill climb” if it decided to move ahead against Harvard. And that fight could potentially take years.
IRS May 2, 2025
Over 300 employees who work in the IRS Independent Office of Appeals have taken the Trump administration's deferred resignation program offer with another 100 requests outstanding, the head of the office said this week.
Taxes May 2, 2025
President Donald Trump wants the pharmaceutical industry to shoulder part of the cost of his tax cuts, pressing Republicans to force drugmakers to accept lower prices on prescriptions covered by Medicaid.