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 March 7, 2025
Can a U.S. Tax Court Decision Be Appealed?
Even though the Tax Court is commonly thought of as the forum of last resort for appealing tax bills and other IRS issues, there is a way to appeal a Tax Court ruling. However, the chances of success of these appeals are often relatively low.
Financial Reporting March 6, 2025
AICPA Says BOI Enforcement Freeze is Good Step, But Wants Clarification
The AICPA awaits the release of additional details later this month but believes that Treasury is headed in the right direction with this decision.
Taxes March 6, 2025
IRS to Keep Tax Interest Rates the Same For Q2 of 2025
For individuals, the rate for overpayments and underpayments will be 7% per year, compounded daily, the IRS said on March 6.
IRS March 5, 2025
IRS Workforce Could Be Slashed By Half, Reports Say
At the behest of the White House, the IRS is reportedly planning to cut its staff by as much as 50% as the Trump administration continues its mission to shrink the size of the federal workforce.
Payroll March 5, 2025
NATP Offers Job Resource For Tax Pros Affected By IRS Layoffs
The National Association of Tax Professionals said it's trying to bridge the gap between recently displaced IRS workers and tax and accounting firms in need of skilled professionals.
Taxes March 4, 2025
W-2 and 1095-A Forms Added to IRS Individual Online Account Tool
The IRS said Feb. 27 that it's adding the two information return documents to its IRS Individual Online Account tool, which the agency said will consolidate important tax records into one digital location.
Taxes March 4, 2025
Latest IRS Numbers Show Tax Refund Amounts Are Up
The IRS reports the average tax refund in 2025 is up $240 through the week ending Feb. 21, with more than 42 million returns processed so far.
Technology March 3, 2025
Wolters Kluwer Enhances Form 5330 E-Filing Capabilities
Wolters Kluwer has rolled out new enhancements that allow businesses to electronically file Form 5330 with the IRS from ftwilliam.com, Wolters Kluwer's employee benefit and pension software.
IRS March 3, 2025
Trump Administration Shutters Technology Office 18F Which Helped Build IRS Direct File
Dismissal notices went out Saturday to about 85 employees of 18F, a federal agency that works on improving government technology—effectively shutting down an office hailed a decade ago as Uncle Sam’s new tech startup.
Taxes February 28, 2025
Over 100 IRS Taxpayer Assistance Centers’ Futures Are in Doubt After Tax Season
More than 100 IRS offices that host taxpayer assistance centers appear to be on the chopping block as the Trump administration continues efforts to cut waste from the federal government. But any closures likely won't take place until after tax season.
Taxes February 28, 2025
The Dirty Dozen IRS Tax Scams to Watch for in 2025
Each year, the Internal Revenue Service puts together a Dirty Dozen list warning taxpayers, businesses, and tax professionals of tax scams to watch out for, and common schemes that threaten their tax and financial information.
Taxes February 28, 2025
Farmers and Fishermen Face March 3 IRS Deadline
Most farmers and fishers who chose to forgo making estimated tax payments by January that they must generally file their 2024 federal income tax return and pay all taxes due by March 3, 2025.