Taxes March 6, 2025
IRS to Keep Tax Interest Rates the Same For Q2 of 2025
For individuals, the rate for overpayments and underpayments will be 7% per year, compounded daily, the IRS said on March 6.
Taxes March 6, 2025
AICPA Issues Guidance for Reporting on Stablecoins
These criteria provide a framework to stablecoin issuers for presenting and disclosing information related to the tokens they issue.
IRS March 5, 2025
IRS Workforce Could Be Slashed By Half, Reports Say
At the behest of the White House, the IRS is reportedly planning to cut its staff by as much as 50% as the Trump administration continues its mission to shrink the size of the federal workforce.
Payroll March 5, 2025
NATP Offers Job Resource For Tax Pros Affected By IRS Layoffs
The National Association of Tax Professionals said it's trying to bridge the gap between recently displaced IRS workers and tax and accounting firms in need of skilled professionals.
Taxes March 4, 2025
W-2 and 1095-A Forms Added to IRS Individual Online Account Tool
The IRS said Feb. 27 that it's adding the two information return documents to its IRS Individual Online Account tool, which the agency said will consolidate important tax records into one digital location.
Taxes March 4, 2025
Latest IRS Numbers Show Tax Refund Amounts Are Up
The IRS reports the average tax refund in 2025 is up $240 through the week ending Feb. 21, with more than 42 million returns processed so far.
Technology March 3, 2025
Wolters Kluwer Enhances Form 5330 E-Filing Capabilities
Wolters Kluwer has rolled out new enhancements that allow businesses to electronically file Form 5330 with the IRS from ftwilliam.com, Wolters Kluwer's employee benefit and pension software.
IRS March 3, 2025
Trump Administration Shutters Technology Office 18F Which Helped Build IRS Direct File
Dismissal notices went out Saturday to about 85 employees of 18F, a federal agency that works on improving government technology—effectively shutting down an office hailed a decade ago as Uncle Sam’s new tech startup.
Small Business March 2, 2025
Treasury Department Suspends Enforcement of BOI and Corporate Transparency Act
The Treasury Department announced March 2 that it will no longer enforce the Corporate Transparency Act or the associated beneficial ownership information reporting requirements.
Taxes February 28, 2025
2025 Tax Refund Schedule – When Will You Get Your IRS Refund? – Updated
Still waiting on your 2025 income tax refund? This chart can help you estimate when you will receive your refund, even with the changes at the IRS.
Taxes February 28, 2025
Over 100 IRS Taxpayer Assistance Centers’ Futures Are in Doubt After Tax Season
More than 100 IRS offices that host taxpayer assistance centers appear to be on the chopping block as the Trump administration continues efforts to cut waste from the federal government. But any closures likely won't take place until after tax season.
Taxes February 28, 2025
Florida Man Guilty of Promoting Illegal Tax Shelter and Stealing Client Funds
A Florida man pleaded guilty today to orchestrating a nearly decade-long scheme to promote an illegal tax shelter and commit wire fraud. He also pleaded guilty to assisting in the preparation of false tax returns for tax shelter clients.