IRS May 29, 2026
The Justice Department announced the creation of the fund as part of settling a $10 billion lawsuit President Donald Trump brought against his own government, alleging violations of federal law for releases of his tax return information in his first term.
Taxes December 22, 2025
Notice 2026-01 provides a safe harbor for businesses that wish to claim the Section 45Q tax credit for qualified carbon oxide captured and disposed of in secure geological storage occurring during calendar year 2025.
Taxes December 22, 2025
This new credit, established under the One Big Beautiful Bill Act, is for contributions to scholarship granting organizations that serve elementary and secondary school students from low- and middle-income families.
Taxes December 22, 2025
A bipartisan House duo is drawing up a cryptocurrency tax framework that would provide a safe harbor for some stablecoin transactions and delay taxation of rewards earned by verifying blockchain transactions.
Taxes December 19, 2025
This series of articles spotlights key tax issues and changes made to tax law in 2025 and the years to come as a result of the OBBBA.
Taxes December 18, 2025
The confirmation follows Monday’s posting of a draft IRS Form W-2G, reflecting changes mandated by the OBBBA, which amended federal information-reporting requirements for certain payments, including casino gambling winnings.
Taxes December 18, 2025
Among the most immediate impacts of rescheduling marijuana as a Schedule III drug would be relief from IRS Code 280E, which prevents businesses that handle Schedule I or II substances from deducting routine expenses such as rent, payroll and equipment.
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AICPA December 18, 2025
The act offers taxpayers impacted by disasters more opportunities to meet their tax obligations without additional confusion, stress, and anxiety.
Taxes December 18, 2025
The AICPA’s letter echoes concerns also raised in a 2016 AICPA comment letter recommending reduced user fees for these types of requests.
Taxes December 17, 2025
The "Warrior Dividend" President Donald Trump announced Dec. 17 is $1,776 and will be sent to service members before Christmas.
Taxes December 17, 2025
Recent tax legislation imposed by President Donald Trump and enacted by the One Big Beautiful Bill Act is at the heart of the increase, the White House said.
Taxes December 17, 2025
In a major blow to House Speaker Mike Johnson, four Republicans—Reps. Brian Fitzpatrick (Pa.), Mike Lawler (N.Y.), Robert Bresnahan (Pa.) and Ryan Mackenzie (Pa.)—signed Minority Leader Hakeem Jeffries' (D-N.Y.) discharge petition to force a House vote on a bill extending Affordable Care Act subsidies.
Taxes December 17, 2025
Speaker Mike Johnson told a closed-doors Republican meeting that he won’t allow a vote on a plan to save the Obamacare subsidies pushed by Rep. Mike Lawler (R-NY) and a handful of endangered moderates from swing districts.