Taxes February 6, 2026
IRS Issues Proposed Rules on Clean Fuel Tax Credit
The Treasury Department and the IRS released proposed regulations Feb. 3 on the clean fuel production credit under the One Big Beautiful Bill Act.
Taxes August 14, 2025
Taxpayer Advocate: IRS to Share Appeals Case Memos with Taxpayers Upon Request
The IRS Independent Office of Appeals recently reminded staff that they should share a copy of the Appeals case memorandum with taxpayers who make an informal request for the document.
Taxes August 14, 2025
Mayo Clinic ‘Schools’ IRS in $11.5 Million Court Victory
After nine years, a court of appeals ruling in July officially confirmed Mayo Clinic’s final victory over the IRS in a $11.5 million legal dispute over its tax-exempt status.
Taxes August 13, 2025
Key Filing Deadline for Heavy Highway Vehicle Use Tax is Around the Corner, IRS Says
Taxpayers who operate large trucks and buses have until Aug. 31 to file Form 2290 for vehicles first used on a public highway in July 2025, the IRS said on Tuesday.
IRS August 12, 2025
IRS Doled Out $123.5 Million to Whistleblowers in FY 2024
The total dollar amount of awards paid increased substantially from $88.8 million in fiscal year 2023. The total number of awards in FY 2024, however, decreased from 121 in FY 2023 to 105 in FY 2024.
Taxes August 12, 2025
IRS Gives Tax Filing Deadline Extension to Victims of June West Virginia Flash Floods
The IRS has extended the filing deadline to Feb. 2, 2026, for individuals and businesses in two West Virginia counties that were devastated by flash flooding from torrential rains in mid-June that left at least six people dead.
Taxes August 11, 2025
These States Have the Highest Share of Homeowners Who Would Benefit if Trump Scraps Capital Gains Tax
The biggest potential beneficiaries are those who have already built considerable wealth through their property, and they mainly come from states where home prices are high and have increased quickly, according to a Redfin report.
IRS August 8, 2025
IRS Commissioner Billy Long Removed by Trump Two Months After Confirmation
Treasury Secretary Scott Bessent will add acting IRS chief to his duties until Long's replacement is installed.
OBBBA Tax Act August 7, 2025
IRS Says No Changes Needed for Individual Information Returns or Withholding Tables for 2025
The Internal Revenue Service recently stated that, as part of its phased implementation of the One Big Beautiful Bill Act, there will be no changes to certain information returns or withholding tables for Tax Year 2025 related to the new law.
Taxes August 7, 2025
OBBBA: Where to Start for Corporations
The One Big Beautiful Bill Act (OBBBA) has introduced several changes with important implications for businesses.
Taxes August 4, 2025
Epstein’s Work for Leon Black Should Face IRS Probe, Wyden says
Ron Wyden, the Senate Finance Committee’s top Democrat, questioned why the IRS had not audited at least $158 million in payments that private equity titan Leon Black made to Jeffrey Epstein between 2012 and 2017 for complex tax-related transactions.
Taxes July 28, 2025
IRS Issues Interim Guidance to Streamline LB&I Audit Process
A new IRS memorandum highlights changes aimed at reducing examination times for large corporations while making the audit process more customer-driven, consistent, and efficient.
Firm Management July 28, 2025
KPMG Hires Ex-IRS Acting Commissioner Douglas O’Donnell
O'Donnell, who served two separate stints as acting chief of the IRS before leaving the agency in February, has joined KPMG as a senior managing director within its Washington National Tax practice.