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 April 21, 2023
AICPA Recommends Improvements to Regulations on Section 645, Election to Treat Trust as Part of an Estate
TD 9032 describes the procedures and requirements for making an election to have certain revocable trusts treated and taxed as part of an estate.
Taxes April 19, 2023
3 Ways the IRS is Making it Easier for Small Business Owners to Do Their Taxes
Interacting with the agency should be less painful over the next decade as the IRS’s $80 billion spending plan is implemented.
Small Business April 18, 2023
What Small Business Owners Need to Know About Crowdfunding and the IRS
Before launching a campaign, make sure you understand all of the tax implications of crowdfunding.
Taxes April 18, 2023
‘IRS is Finally Answering the Phones’ But Tech Problems Persist
While IRS customer service is getting better, the agency is prone to stumble, particularly when technology is involved.
Taxes April 17, 2023
Just 10 Electric Vehicles Qualify for Full $7,500 U.S. Tax Credit
GM, Tesla, and Ford all have at least one EV that qualifies, while Ford and Stellantis have one eligible plug-in hybrid model.
Taxes April 17, 2023
Renowned CPA Fails to Prove NOLs
The Tax Court denied net operating loss carryforwards for a CPA who operated several Fuddruckers restaurants.
Taxes April 13, 2023
Using a Go-Between for 1031 Exchanges
The favorable tax treatment isn’t automatic. To avoid current tax, you and the qualified intermediary must sign a "Qualified Exchange Accommodation Agreement."
Taxes April 12, 2023
$1.5 Billion in Unclaimed Tax Refunds from 2019 Set to Expire in July 2023, Says IRS
Taxpayers usually have three years to file and claim their tax refunds. If they don't file within three years, the money becomes the property of the U.S. Treasury.
Taxes April 12, 2023
Tax Angles to Intra-Family Loans
if you can’t present clear and convincing evidence that the loan is tied to a business transaction, the transaction may be deemed to be a gift.
Taxes April 12, 2023
When is it Beneficial to Pass Up the Home Sale Exclusion?
Depending on the circumstances, it may be better to bypass the exclusion on a current sale and save it for the time when it will do you more tax good.
Taxes April 12, 2023
15 Ways Accountants Can Make More Money Under the New IRS Strategic Operations Plan
Now that the IRS has just released its Strategic Operations Plan which lays out the allocation of the funds, you may want to pay close attention to this plan.
Accounting April 12, 2023
IRS Incorporates AICPA Recommendations in Strategic Operating Plan
The spending plan includes goals and timetables covering areas such as operations support, enforcement, taxpayer services and IT modernization.