AICPA February 26, 2025
The AICPA’s recommendations were submitted to clarify the proposed revisions to the Treasury’s standards, as well as other rules that tax and valuation practitioners must follow.
IRS February 26, 2025
IRS chief operating officer Melanie Krause will be taking over as the agency's acting commissioner, a move that was announced by Treasury Secretary Scott Bessent on Monday after current IRS interim chief Douglas O'Donnell said he plans to retire on Feb. 28.
Taxes February 25, 2025
Curious what your paycheck would look like if President Trump actually does get rid of the federal income tax? Recently, GOBankingRates compiled data to determine what checks and income would look like, state by state.
Taxes February 24, 2025
If you get paid through Venmo, PayPal, Cash App or another payment app, you may receive an IRS Form 1099-K this year. Here's what you need to know.
Taxes February 24, 2025
A quick glance at the latest 2025 tax refund numbers may be cause for concern for those who haven’t filed yet, but the IRS says there’s a good reason why certain numbers are down.
Taxes February 21, 2025
A program authorized through the Department of Treasury’s Bureau of the Fiscal Service allows for the reduction of your refund to pay down specific debts.
IRS February 20, 2025
The IRS abruptly fired up to 10 employees in its Syracuse, NY office Thursday, part of a group of almost 7,000 agency workers let go by the Trump administration during tax season.
IRS February 20, 2025
The purge largely targeted newer “probationary” employees who have fewer protections than long-term workers.
IRS February 20, 2025
A technical glitch prevented officials from notifying thousands of IRS employees via email that they were being terminated. The agency had to resort to paper.
IRS February 19, 2025
National Treasury Employees Union Chapter 66 president Shannon Ellis said the union had been informed by IRS leadership that as many as 1,000 probationary employees would be let go this week.
Taxes February 19, 2025
As it has become a more common asset among your average investors, these folks have had many questions about the tax implications of investing in cryptocurrency, or virtual currency, as it is also known. The answers can be somewhat complicated.
IRS February 18, 2025
Treasury Secretary Scott Bessent said Americans “don’t have to be concerned about any of this,” referring to attempts by the DOGE team to access a broad range of taxpayer data, including on individuals.