Taxes November 11, 2025
Shutdown Deal Leaves Popular Obamacare Tax Credits on Shaky Ground
Expiring Affordable Care Act subsidies face an uphill battle for renewal as Democrats try to find enough Republicans to back an extension.
Accounting November 10, 2025
Wine Accountants Reveal Impacts of Industry Challenges
Two top accounting leaders in California's North Bay—Jon Dal Poggetto and Timothy Allen—answer questions about regulations, challenges of their business and what they wish people knew about the wine industry.
Taxes November 6, 2025
IRS Grants Penalty Relief for Reporting Tips and Overtime Under OBBBA
The Treasury Department and the IRS issued guidance on Nov. 5 providing penalty relief to employers and other payors for tax year 2025 on the new information reporting rules for cash tips and qualified overtime compensation in the tax-and-spending law.
Taxes November 5, 2025
Illinois Bill ‘Decouples’ State and Federal Taxes to Reduce Deficit Now
Illinois lawmakers are sending a bill to Gov. JB Pritzker that makes a pair of changes to Illinois’ tax code in response to new federal tax provisions that could reduce state revenue.
Taxes November 4, 2025
GOP Rep. Max Miller Plans to Unveil Cryptocurrency Tax Legislation
The Ohio Republican is preparing to introduce a bill with Rep. Steven Horsford (D-NV) that Miller says will transform how digital assets are regulated and taxed in the U.S.
Taxes October 24, 2025
IRS Answers Questions About ERC Compliance Under Trump’s Tax Law
The IRS issued frequently asked questions on Oct. 22 about how the One Big Beautiful Bill Act affects the Employee Retention Credit, along with answers to seven other queries about the pandemic-era tax credit.
Payroll October 24, 2025
Bills to Pay Federal Workers During Shutdown Stall, But Senators Say They Are Ready to Compromise
Key senators of both parties said they would try to find a way to pay all federal employees during the partial government shutdown after the Senate blocked consideration of dueling proposals on Oct. 23.
Taxes October 23, 2025
IRS Issues New FAQs on $20,000 Form 1099-K Threshold Under OBBBA
The Republican tax-and-spending law reverts the threshold for online sales reporting to $20,000 and 200 transactions per year, as it was before 2021. The provision is applied retroactively to the 2022 tax year.
Taxes October 22, 2025
AICPA Applauds the Passage of the IRS Math and Taxpayer Help Act
“The IRS Math and Taxpayer Help Act represents common-sense reform that enhances IRS operations and improves the taxpayer experience," Melanie Lauridsen, AICPA vice president of tax policy and advocacy, said Oct. 22.
Taxes October 22, 2025
Senate Bill Making it Easier to Fix Math Mistakes on Your Tax Return is Headed to Trump’s Desk
The bipartisan IRS MATH Act, as it’s known, cleared the Senate unanimously on Oct. 21, after previously winning approval in the House of Representatives on a voice vote in April.
Taxes October 21, 2025
IRS Provides Relief to Lenders for 2025 on Car Loan Interest Reporting Under OBBBA
The IRS issued transitional guidance on Oct. 21 that provides penalty relief to certain lenders on the new information reporting requirements for car loan interest received in 2025 under the new Trump tax law.
Taxes October 8, 2025
IRS Offers Penalty Relief for Cross-Border Remittance Transfer Tax Rules
Notice 2025-55 provides relief in connection with the new 1% excise tax imposed on certain remittance transfers under the One Big Beautiful Bill Act.