Taxes July 15, 2026
Tax-Exempt Organizations and the IRS: FY25 Audit and Penalty Increase and How to Prepare
The old adage “the best defense is a good offense” applies equally to football games and IRS tax-exempt audits.
Taxes July 15, 2026
Make the IRS an Offer It Can’t Refuse
The IRS won’t agree to an offer-in-compromise unless the amount offered is equal to or greater than the reasonable collection potential.
Taxes July 14, 2026
AICPA Expresses Support for Bill to End Tax Penalties on American Hostages
The bill would provide tax relief to Americans and their families if they are unlawfully detained or held hostage abroad.
IRS July 13, 2026
Judge Rules Trump IRS Immunity Deal Has No ‘Basis in Law’
U.S. District Judge Kathleen Williams said the president's lawsuit against the IRS "was not brought to vindicate rights; it was brought to manipulate the judicial process to pursue benefits unavailable in litigation because the parties were not adverse.”
Taxes July 9, 2026
IRS Introduces Automatic Exemption From Penalty Process, Phases Out First Time Abate
The IRS on Wednesday announced a new automatic process that will provide penalty relief for taxpayers who have a history of filing and paying their tax debts on time instead of requiring them to request assistance.
Taxes July 9, 2026
IRS Final Rules Identify Certain CRATs as ‘Listed Transactions’
The final regulations identify certain arrangements claiming to be charitable remainder annuity trusts as "listed transactions," a specific type of abusive tax shelter that the IRS has formally identified as a tax-avoidance scheme.
IRS July 8, 2026
Are IRS Chatbots Really Helping Taxpayers?
It's a question that's difficult to answer because the data the IRS collects to measure chatbot performance is unreliable, limiting the agency's ability to determine whether the applications are operating effectively, the Treasury Inspector General for Tax Administration says.
Taxes July 8, 2026
The 1099 Rules Are Changing, But the Compliance Problem Remains
The coming threshold increase should not lessen the focus on 1099 compliance. It presents an opportunity for firms to elevate the conversation.
Taxes July 8, 2026
Senators Probe Trump’s IRS Immunity Deal
Sens. Elizabeth Warren, Chuck Schumer, and Ron Wyden are investigating whether the immunity deal also protects companies affiliated with President Donald Trump's family.
IRS July 6, 2026
IRS Shares Data with More Than 1,000 Organizations, Some of Which It Can’t Identify
The IRS has 1,124 known data-sharing agreements with outside organizations that are provided with federal tax information. The problem is the IRS couldn't identify all of its agreements or contracts because the agency doesn't have a centralized database.
IRS July 6, 2026
IRS Failed to Meet Veteran Hiring Goal
From FY 2020 to FY 2024, only 8% of the 70,879 people hired by the IRS were veterans, falling way short of the 14% veteran hiring goal set by the Treasury Department, a new report from the Treasury Inspector General for Tax Administration says.
IRS July 6, 2026
Senate Democrat Demands Records on DOJ, IRS Settlement Planning
Sen. Sheldon Whitehouse (D-R.I.) seeks copies of “all memoranda prepared by the IRS discussing defenses against” claims Trump and his sons made in their $10 billion lawsuit against the IRS, according to a letter.