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 February 5, 2024
Why Idaho Senator Mike Crapo Largely Controls Bipartisan Tax Bill’s Fate
The top GOP member of the Senate Finance Committee has signaled he won’t support the family and business tax break bill as-is.
Taxes February 3, 2024
AICPA Provides Recommendations Regarding Donor Advised Funds Regulations
Notably, the AICPA is asking Treasury and the IRS to postpone the effective date of the final regulations to give taxpayers more time to adapt and comply with the new rules.
Taxes February 2, 2024
GOP SALT Bill on Shaky Ground After Getting Over House Rules Hump
Democrats back lifting deductions cap but argue Republican-backed legislation is an election-year gift.
Taxes February 1, 2024
2024 Tax Refund Date Estimator
In most cases, early tax filers who are a due a refund can often see the refund as early as mid- or late February if they have it direct deposited. That’s without an expensive “tax refund loan” or other similar product.
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Taxes February 1, 2024
Tax Court Says Group Overshot on the Augusta Rule
If the rental period lasts 14 days or less—in other words no more than two weeks—you don’t have to report any of the taxable income to the IRS On the other side of the coin, the rental expenses aren’t tax-deductible, either.
Taxes February 1, 2024
Tax Relief for Fire Victims Clears Major Hurdle with House Vote
The measure was approved 357-70 by the House of Representatives as part of a bipartisan tax deal that included fire victim tax relief.
Taxes February 1, 2024
IRS Says It Won’t Change Decision to Tax Minnesota Rebate Checks
The state’s rebates didn’t fall under the category of general welfare or disaster relief, both of which can be excluded from federal taxes.
Taxes January 31, 2024
House Passes Bipartisan Tax Bill Without SALT Changes
The bill would devote about $33 billion to reviving a trio of business tax breaks and roughly the same amount to expand the child tax credit.
Small Business January 30, 2024
U.S. Sales Tax Rate Changes Hit 10-Year High
In 2023, businesses faced 444 sales tax rate changes spanning state, county, city and district jurisdictions, marking a 17% rise from last year's combined rate changes. This surpasses the former record of 412 rate changes witnessed in 2017.
Taxes January 29, 2024
Trump Tax Leaker Gets 5 Years in Prison
Charles Littlejohn had pleaded guilty to stealing Donald Trump’s tax records from the IRS and leaking them to the New York Times.
Taxes January 29, 2024
IRS Direct File Launches for Low-Income Taxpayers in 12 States
Taxpayers in 12 states — Arizona, California, Florida, Massachusetts, New Hampshire, Nevada, New York, South Dakota, Tennessee, Texas, Washington, and Wyoming — will have access to a new program from the IRS called Direct File.
Taxes January 29, 2024
IRS Chief Gives a Shout-Out to Tax Professionals as 2024 Filing Season Begins
IRS Commissioner Danny Werfel had a message today for all tax professionals as they embark on another filing season: Thank you.