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.
IRS July 5, 2024
Danny Werfel’s Cat Is the IRS’s New Social Media Darling
“We have just now started to put my cat Emmett out there as the expert on tax scams,” the IRS chief recently said in a TV interview.
Taxes July 5, 2024
New Tax Scam Targets Clean Energy Tax Credit
In this latest scam, the IRS is seeing instances where unscrupulous tax return preparers are misrepresenting the rules for claiming clean energy credits under the Inflation Reduction Act (IRA).
Taxes July 5, 2024
Oklahoma Taxpayers Get Extended Deadline Due to Storms
These taxpayers now have until Nov. 1, 2024, to file various federal individual and business tax returns and make tax payments.
State and Local Taxes July 3, 2024
New Jersey Passes New Budget, With Tax Increases for Some, Property Tax Relief Too
The plan also calls for spending $2.1 billion more than it collects in revenue from taxes and fees at a time when the state faces uncertain financial prospects.
Taxes July 2, 2024
IRS: Security Threats Against Tax Pros Remain a Daily Threat
The IRS and its Security Summit partners announced the start of its annual "Protect Your Clients; Protect Yourself" campaign.
Taxes July 1, 2024
NYU Professional Studies to Host Tax Conferences
The events will focus on a range of topics including international and partnership taxation, trusts and estates, local and state taxation, and like-kind exchanges.
Taxes July 1, 2024
IRS Finalizes Rules on Crypto Tax Reporting for Brokers
The final regulations are viewed by proponents as critical to policing a largely unregulated sector plagued by tax avoidance.
Taxes July 1, 2024
IRS to Pot Businesses: Marijuana is Still a Schedule I Controlled Substance
Therefore, cannabis businesses are still unable to claim normal business tax deductions, as IRC Section 280E stipulates.
Sales Tax July 1, 2024
Australia Makes Business Expansion Easier by Removing Nuissance Tariffs
Eliminating tariffs on products that qualify for a concession should simplify Australia’s trade system and remove compliance burdens for Australian firms.
Taxes June 28, 2024
IRS Issues Final Regs on New 1% Excise Tax on Corporate Stock Repurchases
These final regulations require that the stock repurchase excise tax be reported on Form 720, Quarterly Federal Excise Tax Return, due for the first full calendar quarter after the end of the corporation’s taxable year.
Taxes June 28, 2024
Biden and Trump Spar on Social Security and Taxes During First Debate
The debate featured a relentless barrage of false and misleading statements from both presidential candidates on a number of issues.
Taxes June 28, 2024
Supreme Court Limits Rulemaking Power of Federal Agencies
Justices overturned the Chevron doctrine that says judges should defer to agencies and their regulations if the law is not clear.