Taxes June 30, 2026
The 30-Million-Client Problem Hiding in Your Schedule C Stack
Firms that serve this segment profitably do not work harder in March. They change the setup so the mess never reaches the return.
Taxes June 29, 2026
Tax Court Reviews ‘Cohan Rule’ in New Business Expense Case
There’s no substitute for keeping accurate records that can prove the existence and amount of deductible expenses.
Small Business June 26, 2026
Tax Court Doesn’t Horse Around in New Hobby Loss Case
After examining all the evidence, the Tax Court ruled that the activity doesn’t rise to the level of a business. Result: All the loss deductions are denied.
Taxes June 25, 2026
4 Steps to Get Ahead of Higher Taxes
Most taxpayers do not proactively plan ahead on taxes for the next year. Having a CPA assist before the end of the year can result in a strategy to mitigate tax burden.
Taxes June 24, 2026
Taxpayer Advocate Tells Congress About IRS Hits and Misses This Tax Season in New Report
"In the end, the IRS performed better than expected in most respects," Erin Collins said. "But taxpayers who required assistance from the IRS often struggled to get it."
Taxes June 23, 2026
Former Fugitive Ohio Pharmacist Pleads Guilty to Defrauding IRS
In February, Sbeih Sbeih, 57, was arrested in the eastern European country of Georgia after he was a fugitive for 11 years.
IRS June 22, 2026
DOJ Rejects Judge Request to Certify $1.8 Billion ‘Weaponization’ Fund Nixed
The fund was part of a settlement to resolve President Donald Trump's $10 billion lawsuit seeking to hold the Internal Revenue Service liable for a leak of his tax information.
Taxes June 18, 2026
Confusing CP53E Notices from IRS Results in AICPA Requesting Adjustments and Offering Recommendations on Their Use
Many taxpayers were confused by the IRS notices, which some received simply for requesting overpayments be applied to next year's taxes.
Taxes June 17, 2026
Treasury Department Says Expect Guidance Soon on New Scholarship Tax Credit
The Treasury Department last week previewed guidance expected to be released this fall on the new federal scholarship tax credit enacted as part of the One Big Beautiful Bill Act.
Taxes June 16, 2026
AICPA Submits Comments to Treasury, IRS on Accounting Method Change Procedures
The recommendations focus on adopting an “issue under consideration” standard to expand a taxpayer’s ability to correct any erroneous methods of accounting while still under examination.
IRS June 11, 2026
IRS Restructures Security Summit to Better Tackle Tax-Related ID Theft and Fraud
The IRS will work more closely with payroll providers and created five work groups as part of a restructuring of its Security Summit program to quash tax-related identity theft and fraud.
Taxes June 11, 2026
IRS Provides Year in Review in 2025 Data Book
The IRS has released its 2025 Data Book, which provides the latest stats on revenue collected, refunds, taxpayer services, audits and compliance, and the agency's budget and workforce.