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.
Taxes July 2, 2026
Indictment Charges Drug Addiction Treatment Center CEO with Trying to Resell Millions of Dollars Worth of ERCs
Tim Robinson, founder of Addiction Recovery Center, what was once Kentucky’s largest drug addiction treatment company, was criminally indicted last month on charges of wire fraud and money laundering.
Taxes July 2, 2026
Former Tax Preparer Ordered to Repay $1.4M in ERC Tax Fraud Case in Mississippi
Patricia Jones, 44, of Lamar, MS, who submitted fraudulent tax forms to steal more than $1.4 in pandemic relief funds, was sentenced to more than four years in federal prison this week and ordered to pay full restitution.
Taxes June 30, 2026
The 30-Million-Client Problem Hiding in Your Schedule C Stack
Firms that serve this segment profitably do not work harder in March. They change the setup so the mess never reaches the return.
Taxes June 29, 2026
Tax Court Reviews ‘Cohan Rule’ in New Business Expense Case
There’s no substitute for keeping accurate records that can prove the existence and amount of deductible expenses.
Small Business June 26, 2026
Tax Court Doesn’t Horse Around in New Hobby Loss Case
After examining all the evidence, the Tax Court ruled that the activity doesn’t rise to the level of a business. Result: All the loss deductions are denied.
Taxes June 25, 2026
4 Steps to Get Ahead of Higher Taxes
Most taxpayers do not proactively plan ahead on taxes for the next year. Having a CPA assist before the end of the year can result in a strategy to mitigate tax burden.
Taxes June 24, 2026
Taxpayer Advocate Tells Congress About IRS Hits and Misses This Tax Season in New Report
"In the end, the IRS performed better than expected in most respects," Erin Collins said. "But taxpayers who required assistance from the IRS often struggled to get it."