Taxes December 12, 2025
IRS Says Financial Crimes Surged Nearly 16% in 2025—Up to $10.6B
Of the $10.59 billion, $4.5 billion resulted from tax fraud, marking an increase of 111.8% from FY24, the agency said this week.
Taxes December 11, 2025
IRS Issues Guidance on New HSA Tax Benefits Under OBBBA
The Treasury Department and the IRS provided guidance in Notice 2026-05 on Dec. 9 on new tax benefits for health savings account participants under this summer's One Big Beautiful Bill Act.
Taxes December 8, 2025
How Much Should the IRS Know About Your Charitable Giving? It’s More Than You May Realize
Even if you never claim a tax deduction, the federal government may still know which charities you support.
Technology December 4, 2025
Manual Processes Still Prevalent in Accounts Payable as 1099 Season Nears, Avalara Report Says
As the 1099 filing season approaches, rising form volumes, shifting IRS requirements, and tighter audit scrutiny are colliding with outdated, manual processes—leaving accounts payable teams stretched thin and exposed to risk.
Taxes December 3, 2025
IRS Urges Americans to Take These Steps Before Upcoming Tax Season Begins
The IRS says planning early is extra important this year because of major changes, such as the One Big Beautiful Bill Act, which can significantly affect federal taxes, credits and deductions.
Payroll December 3, 2025
IRS Gives Guidance on New Trump Accounts, IRA-Like Accounts for Children
The government will make a one-time $1,000 pilot contribution to the account of each child who is a U.S. citizen born on or after Jan. 1, 2025, through Dec. 31, 2028.
Accounting December 3, 2025
Former Accounting Exec Busted for Allegedly Cheating the IRS, Getting Paid Under the Table
Stephen Hochberg, 77, who was an accounting and real estate executive in Sudbury, MA, was recently charged by the feds and has agreed to plead guilty to perpetrating the multi-year scheme.
Taxes November 26, 2025
Sen. Jim Justice to Pay $5.2M in Overdue Taxes After DOJ Suit
The Republican senator from West Virginia and his wife owed the $5.2 million going back to at least 2009. The Justice Department sued Nov. 24 to collect the money, and the Justice family agreed hours later to pay up.
Taxes November 25, 2025
IRS Seeks Comments on New OBBBA Tax Credit Scholarship Program
The Treasury Department and the IRS are seeking feedback on the implementation of a new federal tax credit scholarship program under the One Big Beautiful Bill Act designed to support school choice initiatives and students with education-related expenses.
Taxes November 24, 2025
AICPA Makes Recommendations to IRS and Treasury on ‘All or Nothing’ Approach to Dual Consolidated Loss
The AICPA is asking Treasury and the IRS to allow an exception for these permanently disallowed amounts so companies aren’t penalized unnecessarily.
Taxes November 21, 2025
IRS Issues Guidance for Workers Who Received Tips or Overtime in Tax Year 2025
The Treasury Department and the IRS issued guidance on Nov. 21 for employees who are eligible to claim the deduction for tips and for overtime compensation under the One Big Beautiful Bill Act for the 2025 tax year.
Taxes November 21, 2025
IRS Provides Tax Break to Lenders on Rural and Agricultural Real Estate Loans
The Treasury Department and the IRS released interim guidance Nov. 20 on a new tax benefit for certain lenders, such as FDIC-insured banks, that provide loans secured by rural or agricultural real estate.