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 December 23, 2025
Washington Tax Preparer Gets 18-Month Sentence for Fraudulent Returns
Keith Altamirano, 52, of Vancouver, WA, is already in prison for second-degree attempted murder of his son.
Taxes December 22, 2025
IRS Seeks Comments on Proposed Changes to Voluntary Disclosure Practice
The IRS on Monday opened a 90-day public comment period, which ends March 22, for proposed updates to its voluntary disclosure practice, including a more streamlined penalty framework.
Taxes December 22, 2025
IRS Provides Safe Harbor for Claiming Carbon Capture Tax Credit
Notice 2026-01 provides a safe harbor for businesses that wish to claim the Section 45Q tax credit for qualified carbon oxide captured and disposed of in secure geological storage occurring during calendar year 2025.
Taxes December 22, 2025
IRS: States Can Make an Advanced Election to Participate in New Scholarship Tax Credit
This new credit, established under the One Big Beautiful Bill Act, is for contributions to scholarship granting organizations that serve elementary and secondary school students from low- and middle-income families.
Taxes December 22, 2025
House Plan Sets Tax Harbor for Stablecoins, Crypto Staking
A bipartisan House duo is drawing up a cryptocurrency tax framework that would provide a safe harbor for some stablecoin transactions and delay taxation of rewards earned by verifying blockchain transactions.
Taxes December 19, 2025
2025-2026 Tax Season Guide to OBBBA Tax Law Changes – SPECIAL SERIES
This series of articles spotlights key tax issues and changes made to tax law in 2025 and the years to come as a result of the OBBBA.
Taxes December 18, 2025
IRS Confirms $2K Slot Jackpot Threshold Set to Begin in 2026
The confirmation follows Monday’s posting of a draft IRS Form W-2G, reflecting changes mandated by the OBBBA, which amended federal information-reporting requirements for certain payments, including casino gambling winnings.
Taxes December 18, 2025
Trump Signs Order to Expand Access to Marijuana, Lower Taxes on Cannabis Businesses
Among the most immediate impacts of rescheduling marijuana as a Schedule III drug would be relief from IRS Code 280E, which prevents businesses that handle Schedule I or II substances from deducting routine expenses such as rent, payroll and equipment.
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AICPA December 18, 2025
AICPA Applauds Passage of Disaster Legislation to Extend Lookback Period
The act offers taxpayers impacted by disasters more opportunities to meet their tax obligations without additional confusion, stress, and anxiety.
Taxes December 18, 2025
AICPA Urges Treasury, IRS to Establish Lower User Fee Category for Private Letter Ruling Requests
The AICPA’s letter echoes concerns also raised in a 2016 AICPA comment letter recommending reduced user fees for these types of requests.
Taxes December 17, 2025
Trump Announces $1,776 ‘Warrior Dividend’ Bonuses for Active Military and Some Reserves
The "Warrior Dividend" President Donald Trump announced Dec. 17 is $1,776 and will be sent to service members before Christmas.
Taxes December 17, 2025
Here’s Why Americans Could See a $1,000 Increase in Tax Refunds Next Year
Recent tax legislation imposed by President Donald Trump and enacted by the One Big Beautiful Bill Act is at the heart of the increase, the White House said.