Taxes August 24, 2026
IRS Keeps Interest Rates Steady for Q4 2026
Interest rates for tax underpayments and overpayments will stay the same for the fourth calendar quarter of 2026, which begins on Oct. 1, the IRS said on Friday.
Taxes August 21, 2026
Tax Court Takes Narrow View of Tax-Exempt Legal Settlements
The short story is that full amount of a personal legal settlement is generally taxable as ordinary income at rates currently topping out at 37%.
Taxes August 20, 2026
IRS Issues Proposed Regs on Eligible Investments for Trump Accounts
The Treasury Department and the IRS have proposed rules on eligible investments for Trump Accounts, a new investment vehicle created by the One Big Beautiful Bill Act to help children build wealth from an early age.
Taxes August 20, 2026
IRS Adds Tax Compliance Report to Individual Online Accounts
The IRS on Thursday unveiled a digitally authenticated Tax Compliance Report, found through IRS Individual Online Account, that shows whether a taxpayer filed tax returns and paid taxes on time.
Taxes August 20, 2026
IRS to Open Office of Conservation Easements
In addition, the IRS said it's transitioning the process for settlements in conservation easement disputes, with roughly 1,100 of these cases currently pending.
Taxes August 19, 2026
IRS Regs Would Block Certain Immigrants From Claiming Refundable Tax Credits
Proposed rules issued by the Treasury Department and the IRS on Wednesday would restrict undocumented immigrants' access to refundable tax credits, such as the Earned Income Tax Credit and the Child Tax Credit.
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.