Taxes June 27, 2025
President Donald Trump said he was ending all trade discussions with Canada after claiming the country moved to implement a digital services tax and threatened to impose a fresh tariff rate within the next week.
Taxes June 27, 2025
The Senate parliamentarian concluded that a section of the tax bill exempting a small number of religious schools, including the Christian liberal arts college in Hillsdale, MI, violated the chamber's procedural rules for the budget reconciliation process.
Taxes June 26, 2025
In an opinion column for Newsweek, the caucus members argued that the Senate would preserve “too much” of what President Donald Trump previously called a “scam.”
Payroll June 26, 2025
The personal finance website GoBankingRates analyzed state and federal data from the Tax Foundation for 2024 to assess what a $100,000 income looks like in each state.
Firm Management June 26, 2025
Survey respondents predict AI will save professionals 5 hours weekly, translating to 240 hours annually per professional.
Taxes June 25, 2025
Despite calling this past tax filing season one of the most successful in recent memory, National Taxpayer Advocate Erin Collins warned there are potential risks heading into the 2026 tax season and that "it is critical that the IRS begin to take steps now to prepare."
Taxes June 25, 2025
The agency said it's aware of a delay in processing some electronic payments and that some taxpayers are receiving IRS notices indicating a balance due even though payments were made on time.
Taxes June 24, 2025
Republican leaders are stepping on the gas to get the giant budget package to President Donald Trump's desk before his July 4 deadline.
Accounting June 24, 2025
The AICPA submitted a letter to Senate Finance Committee leadership which included its endorsements, its concerns regarding the PTET SALT deduction, its request for clarification of the SALT proposal and two other recommendations.
Technology June 24, 2025
The top five accounting firm said its new myRSM Tax ecosystem "demonstrates how cutting-edge AI is transforming client service, streamlining operations, and empowering professionals across the firm."
IRS June 23, 2025
The former Missouri lawmaker, who was sworn in on June 16, said transforming the culture at the tax agency is at the top of his to-do list.
Taxes June 23, 2025
Victims of severe storms that produced flooding and damaging winds in areas of Texas and Mississippi in mid- to late March have more time to file various federal individual and business tax returns and make tax payments, the IRS said.