Taxes

Taxes January 28, 2025 

Scammers impersonating the IRS are texting taxpayers leading them to believe they're going to receive an economic impact payment, also known as a recovery rebate credit, but it's a scheme to steal their personal data, TIGTA said on Jan. 28.

Jason Bramwell

Taxes January 27, 2025 

The hedge fund manager is poised to be a key player as Congress faces down more than $4 trillion in expiring tax cuts at the end of this year, which he warned during his confirmation hearing would have “devastating” consequences if allowed to lapse.

Taxes January 27, 2025 

The following is a detailed look at why your preparer's legal troubles place you at risk, what signs might indicate they are under scrutiny, and which immediate steps you can take to protect yourself from civil and criminal tax exposure.

Taxes January 27, 2025 

Leaders of several states are proposing cutting social programs such as child care, victim services and Medicaid, or raising taxes on cigarettes, spirits or households with the highest incomes, to balance state budgets.

Taxes January 27, 2025 

The point of a donor-advised fund is to put money in the hands of charities, not grow it like another investment account.

IRS January 27, 2025 

Tax season 2025 began on Monday, but for some people who were set to start a career at the IRS during the agency's busiest time of the year, their new opportunity has come to a screeching halt because of a hiring freeze put in place by President Donald Trump during his first week in office.

Jason Bramwell

Taxes January 27, 2025 

The pledge to end taxes on tipped income, first introduced over the summer at a rally in service industry-reliant Las Vegas, became a key pitch in his winning presidential campaign.

Firm Management January 24, 2025 

If you move quickly now, there is still much you can do to make sure your team has the resources and mindset to tackle this intense work period with gusto and help your CPA firm deliver high-quality service to clients.

Steve Saah

Taxes January 23, 2025 

If you’re a frequent or sizable donor to a charitable organization, you may be recognized with membership in a special group or level. However, simply attaining that status and being acknowledged for it does not, on its own, warrant any charitable deduction.

JD, Ken Berry, JD

IRS January 22, 2025 

Melanie Lauridsen, AICPA vice president of tax policy and advocacy, wrote on LinkedIn Tuesday that President Donald Trump's executive order halting the hiring of federal workers poses "no concern" to the IRS as the agency has already brought seasonal workers aboard for the 2025 tax season, which begins on Jan. 27.

Jason Bramwell

Taxes January 22, 2025 

Sen. Bernie Moreno, a newly elected Ohio Republican, introduced his first piece of legislation on Tuesday—a bill aimed at funding the External Revenue Service that President Donald Trump has promised to create.

Taxes January 22, 2025 

The Senators also claimed Bessent, "... avoided paying nearly $1 million in Medicare taxes on your hedge fund earnings over the course of three years by reporting on your tax returns that you were a “limited partner” ...

Isaac M. O'Bannon