Taxes October 9, 2025
IRS Adjusts Tax Brackets, Standard Deduction for 2026
The IRS on Oct. 9 published the tax year 2026 inflation adjustments for more than 60 tax provisions, including updated tax brackets and standard deduction.
IRS October 8, 2025
IRS Furloughs Nearly 35,000 Employees, Says Most Operations Closed
In an updated contingency plan on Oct. 8, the Treasury Department indicated that 39,870 IRS workers, or 53.6% of the agency's total employee population of 74,299, are designated "exempt" and are expected to continue working during the shutdown.
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.
Small Business October 8, 2025
Avalara Adds E-Invoicing and Live Reporting Feature
As a founding member of the DBNAlliance, Avalara is offering free U.S. B2B e-invoicing through its certified DBNAlliance access point.
Taxes October 8, 2025
GM Cuts Short EV Tax Credit Extension Program
The company will continue to offer about $6,000 in savings on electric vehicle leases through October, with the cost footed by General Motors.
Technology October 7, 2025
Bloomberg Tax & Accounting Unveils Tax Credits and Incentives Tool
The Bloomberg Tax Credits & Incentives Tool, powered by Incentify, offers practitioners an integrated discovery engine with comprehensive access to federal, state, and zone-specific incentives.
IRS October 6, 2025
Jarod Koopman Named IRS Acting Chief Tax Compliance Officer
In this acting role, Koopman will oversee IRS compliance operations, including the LB&I division, SB/SE division, TE/GE division, IRS-CI unit, Office of Professional Responsibility, Return Preparer Office, and the Whistleblower Office.
Taxes October 6, 2025
TIGTA Launches Interim Website During Government Shutdown
The interim website gives taxpayers access during the government shutdown to the watchdog's latest reports and keeps open ways for people to report fraud, waste, and abuse within IRS programs or by IRS employees.
IRS October 6, 2025
A CEO at the IRS: Treasury Department Names Frank Bisignano to Fill New Role
Bisignano will report directly to Treasury Secretary Scott Bessent, who is also acting chief of the IRS, managing the organization and overseeing all day-to-day operations while also continuing to serve in his role as head of the Social Security Administration.
Taxes October 3, 2025
IRS Posts Guidance on Opportunity Zone Tax Incentives for Rural Areas
The Treasury Department and the IRS issued new guidance Sept. 30 on qualified opportunity zone investments in rural areas under the One Big Beautiful Bill Act, the tax-and-spending bill signed into law in July.
Taxes October 2, 2025
IRS Extends Form 6765 Comment Period to March 31, 2026
The agency said Oct. 1 that it wants to receive additional feedback about the draft instructions for Form 6765 and is extending the dates for certain reporting rules related to the Credit for Increasing Research Activities, also known as the research tax credit.
Taxes October 2, 2025
IRS: Volunteers Needed to Provide No-Cost Tax Services
The IRS is seeking volunteers to support the Volunteer Income Tax Assistance and Tax Counseling for the Elderly programs, which offer free basic tax return preparation to qualified individuals.