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 November 28, 2022
Home Sale Gain Exclusion When a Taxpayer Remarries
Under Section 121 of the Internal Revenue Code, you may be able to exclude most, if not all, of your gain from tax when you finally sell the home.
Taxes November 23, 2022
100% Bonus Depreciation for Aircraft Purchases About to End
For the last five years, businesses have been able to use bonus depreciation to expense 100 percent of qualified property, including big-ticket purchases like business aircraft.
Taxes November 23, 2022
Tax Court Decides “He Said, She Said” Case
Generally, the IRS has three years from the later of the time your tax return was filed or its due date to review the return and assess tax.
Taxes November 22, 2022
Trump Accountant Testifies on Taxes: Shocked by Christmas Bonuses
Accountant: "I probably would’ve had a heart attack,” Bender said on cross-examination.
Taxes November 22, 2022
Warren, Shaheen Urge IRS to Probe TurboTax
Senators claim TurboTax has sent refunds to bank accounts opened without the permission of taxpayers.
Taxes November 18, 2022
Zelle Users Are Circumventing an IRS Tax Rule to Their Advantage
Zelle says the new IRS 1099-K reporting rules for third-party payment processors do not apply to them.
Digital Currency November 18, 2022
FTX Users Can’t Count on Help From the IRS
When market investors suffer losses, they’re often eligible for a tax write-off to soften the blow. FTX users won’t be so lucky.
Taxes November 14, 2022
Accountant Who Cheated IRS Will Serve Time in Federal Prison
Michael Goldner of Paoli, PA, was sentenced to 40 months in prison and three years of supervised release.
Taxes November 14, 2022
Buy an EV Now or Later? The Tax Credit Rules are About to Change
Qualification requirements change in January following the passage of the Inflation Reduction Act.
Taxes November 11, 2022
Biden Nominates Daniel Werfel as Next IRS Chief
An ex-IRS acting commissioner, Werfel is the global leader of the Public Sector practice at Boston Consulting Group.
Taxes November 10, 2022
IRS Has Lots of Jobs to Fill at Taxpayer Assistance Centers
Agency is seeking more than 700 new employees to help taxpayers at walk-in sites across the country.
November 9, 2022
Home Health Costs Can Be Tax Deductible
If the aide performs other household chores like cooking and cleaning, you must apportion their wages. Only the part allocable to medical care is deductible as a medical expense.