Taxes September 25, 2025
Republican proposals in Indiana and Ohio did not advance this year. Had either measure passed, it would have been the first refundable child tax credit approved in a conservative state.
Technology September 25, 2025
This expansion to Aggregator Plus unifies unstructured and structured K-1, 1099, and W-2 data extraction in a single platform, helping tax professionals eliminate up to 90% of manual entry, K1x said.
Special Section: Guide to 2025 Tax Changes September 24, 2025
The One Big Beautiful Bill Act (OBBBA) authorizes a new tax deduction for auto loan interest, beginning in 2025 and ending after 2028.
Technology September 24, 2025
Designed for both new preparers looking for guided flows and cloud convenience, Drake Tax Online makes it easy for practitioners to prepare both individual and business returns from anywhere.
Sales Tax September 24, 2025
In the first half of 2025, states made 408 sales tax rate changes and new rates – a 24% increase compared to the first half of 2024.
Taxes September 23, 2025
Starting Oct. 1, the per diem rates used to calculate tax deductions for business travel expenses will be $319 to high-cost locations and $225 to low-cost areas, which are the same amounts as the previous year.
Taxes September 23, 2025
The IRS will begin phasing out paper tax refund checks for taxpayers starting Sept. 30, marking a major shift toward electronic payments, the agency said Tuesday.
Taxes September 23, 2025
While many accounting professionals are familiar with the benefits of a cost segregation study for investment assets acquired during life, fewer recognize the value this tool brings in the context of estate or trust administration.
Taxes September 23, 2025
Thornapple Manor has filed suit against the IRS, alleging that it hasn’t received $4.9 million in refunds that it was eligible for under a pandemic-era tax credit.
Taxes September 23, 2025
The IRS issued guidance on Sept. 22 that provides tax relief for farmers and ranchers in every state except for Alaska who sold or exchanged livestock because of "exceptional, extreme, or severe" drought conditions.
Technology September 23, 2025
TaxPlanIQ announced Sept. 23 partnerships with Liberty Tax and Elite Resource Team, putting tax planning tools in the hands of tax preparers and wealth managers around the country.
Taxes September 23, 2025
Rep. Nicole Malliotakis (R-NY) announced Sept. 19 that she has introduced bipartisan legislation to ensure that all union workers benefit from the “no tax on overtime” provision that was included in President Donald Trump’s One Big Beautiful Bill Act.