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.
Accounting September 6, 2023
AI Systems Take Center Stage in 2023 Innovation Awards
The Innovation Awards are presented to honor new or recently enhanced technologies that benefit tax and accounting professionals and their clients through improved workflow and efficiencies, increased accessibility, enhanced collaboration, greater accuracy, or other means.
Payroll September 6, 2023
Student Loan Debt Relief Program Draws 4 Million Sign-Ups
More than 4 million student loan borrowers are enrolled in the Biden Administration’s new income-driven repayment plan, including nearly 332,000 borrowers in California.
Taxes September 5, 2023
New Tech Automates Federal and State Compliance Tracking
Compliance Tracker ensures accurate and timely tax filings, reducing risk of non-compliance and penalties by incorporating trusted data compiled and maintained by Bloomberg Tax’s in-house tax analysts.
Taxes September 4, 2023
Beware the Accumulated Earnings Tax
The accumulated earnings tax must be paid in addition to the regular corporate income tax. Despite recent threats by Congress to raise the ante, this penalty tax remains at the 20% rate.
September 1, 2023
IRS Issues Guidance on State Tax Payments
The guidance is being issued as part of the IRS's efforts to provide additional certainty to states and their residents regarding the federal income tax consequences of state payments made to taxpayers.
Taxes September 1, 2023
IRS Gives Tax Filing Delay to Hurricane Idalia Victims
These taxpayers now have until Feb. 15, 2024, to file various federal individual and business tax returns and make tax payments.
Payroll August 30, 2023
Millions More U.S. Workers Could be Eligible for Overtime Pay
Under proposed changes from the Dept. of Labor, any salaried employee making less than $55,000 per year, or $1,059 per week, would be eligible for overtime. That would be a significant jump from the current cutoff at $35,568 per year.
Small Business August 30, 2023
Georgia (and Florida) on My Mind
Hurricane Idalia made landfall in Florida early Wednesday morning as a Category 3 hurricane, and with sustained winds of 125 mph or greater. As of noon Eastern time, the hurricane was still a Category 1, and moving over southern Georgia.
Taxes August 29, 2023
Tax Court Case Shows IRS Effort to Revoke Passports for Tax Debt
Under the 2015 Fixing America’s Surface Transportation (FAST) Act, the IRS can deny, revoke or limit a passport if you have a seriously delinquent tax debt.
Taxes August 29, 2023
Treasury, IRS Formally Propose New Rules for Claiming Clean Energy Tax Credits
The proposed regulations include prevailing wage and registered apprenticeship requirements for clean energy projects.
Taxes August 28, 2023
AICPA Asks IRS to Address Issues with Forms 3520 and 3520-A
In comment letters sent to the IRS, the AICPA requested improvements be made to two tax returns pertaining to foreign trusts.
Taxes August 28, 2023
TaxCure and Tax Rep Network Partner to Provide IRS Representation Education and Training
In addition to IRS representation training sessions, the partnership will enable tax professionals to explore adding new revenue streams to their practices with tax resolution services.