IRS February 17, 2025
The IRS is poised to hand over unlimited access to taxpayer data to an adviser from Elon Musk’s government efficiency group, according to a draft agreement between the tax agency and the Office of Personnel Management.
Taxes February 17, 2025
Voters are clear in how they want Congress to shore up the massively popular program’s deteriorating finances, but lawmakers don't seem to be listening.
Taxes February 16, 2025
According to ABC News and the Associated Press, up to 15,000 workers at the Internal Revenue Service could be laid off from their positions in the next week.
Taxes February 15, 2025
The CPA Practice Advisor Weekly Tax News Roundup is a weekly recap of tax-related news from the past week. From IRS news and tax court cases, to state, SALT, legislation and other related areas, the roundup can help you catch-up on recent changes. === Let us know if you like this new feature using the...…
Taxes February 14, 2025
Data released on Feb. 14 by the IRS shows the average refund is coming in at $2.065, up from $1,741 in 2024.
AICPA February 14, 2025
As taxpayers navigate the challenges of tax season, the American Institute of CPAs (AICPA) is identifying areas individual filers to be aware of for this filing season.
Taxes February 14, 2025
Section 199A generally allows owners of pass-through entities to deduct 20 percent of the owner’s QBI earned in a qualified trade or business.
Taxes February 13, 2025
With cryptocurrency's increase in popularity, the IRS has introduced some complicated reporting requirements to ensure compliance with U.S. tax laws.
AICPA February 12, 2025
The AICPA has long supported the proposals and will continue to work to advance comprehensive proposals that enhance Internal Revenue Service (IRS) operations and improve the taxpayer experience.
Taxes February 12, 2025
Make sure to explain how their current pricing tier doesn’t include the things they need and how your additional services can help them stay on top of taxes throughout the year.
Taxes February 11, 2025
Since the start of the 2025 tax filing season on Jan. 27, the IRS has issued 3.23 million refunds with an average refund amount of $1,928 as of Jan. 31, the agency said last week.
Taxes February 11, 2025
Ford Motor Co. CEO Jim Farley warned that if the federal government under President Trump repeals provisions of the Biden administration's Inflation Reduction Act like the electric vehicle battery production tax credits, the company could have to look at layoffs.