Taxes August 19, 2026
IRS Posts Updated Fact Sheet on Business Interest Expense Deduction Limit
The IRS said Aug. 19 that it has updated frequently asked questions about the limitation on the deduction for business interest expense.
IRS August 17, 2026
Treasury, IRS Provide Guidance on Paid Family and Medical Leave Tax Credit
The One Big Beautiful Bill Act makes the tax credit permanent and expands eligibility and coverage for businesses offering paid family and medical leave benefits to employees.
IRS August 17, 2026
IRS-CI Isn’t Playing Games with Illegal Sports Gambling
In an announcement last week, the IRS Criminal Investigation unit warned that illegal sports gambling often fuels other financial crimes, such as tax evasion and money laundering.
Taxes August 13, 2026
Trump Seeks Immediate Halt to Judge’s Penalties in IRS Case
President Donald Trump is challenging a Miami judge’s findings that he brought the IRS case in “bad faith” and reached a deal with the Justice Department to end the litigation that had no “basis in law.”
Taxes August 12, 2026
IRS Releases Guidance on Retirement Plan Rollovers
The Treasury Department and the IRS issued guidance Wednesday that the tax agency says will simplify and standardize the rollover process for both participants and plan sponsors.
Taxes August 11, 2026
AICPA Seeks Clarity and Guidance for Three CAMT Notices
The recommendations focus on purchase accounting and push-down accounting, domestic research and R&E expenditures.
Taxes August 11, 2026
IRS Issues Proposed Regs on Employer Contributions to Trump Accounts
The proposed regulations outline requirements for employers that wish to maintain a Trump Account contribution program.
Taxes August 10, 2026
IRS to Issue Rules on Saver’s Match Retirement Program
The program, enacted as part of the SECURE 2.0 Act, replaces the Saver’s Credit. Eligible taxpayers will begin receiving payments in 2028 based on contributions made during the 2027 tax year.
IRS August 10, 2026
Todd Blanche Confirmed by Senate as Attorney General
The 50-49 vote to confirm Blanche fell mostly along party lines, with two Republicans breaking ranks to oppose him.
Taxes August 7, 2026
Grammy Winner Toni Braxton Pays Off $600K in Federal Back Taxes
A rep for the “Braxton Family Values” star, 59, told TMZ that Braxton has settled the $598,624 debt she owed to the IRS.
Taxes August 7, 2026
IRS Updates FAQs on OBBBA Overtime Tax Deduction
The IRS updated frequently asked questions about the new deduction for qualified overtime compensation, one of the many One Big Beautiful Bill Act tax provisions touted by the Trump administration.
IRS August 6, 2026
Higher Ed Prepares for New IRS E-Filing System
Colleges and universities will soon have to replace the decades-old IRS filing system they use to submit information returns.