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 August 31, 2022
Lawmaker Says Massachusetts Students Will Not Pay $500 in Taxes on Student Debt Cancellations
Rep. Steven Owens said the state Legislature has exempted forgiven student loans from taxable income.
August 30, 2022
California Man Pleads Guilty to $25 Million PPP Loan Fraud Involving Pro Athletes
Conspired to prepare and file with the IRS a series of false and fraudulent income tax returns on behalf of at least nine professional athletes.
August 30, 2022
Florida Tax Preparer Gets 1 Year in Prison for Contempt
Convicted of criminal contempt for continuing to prepare and file tax returns with the IRS in violation of a federal court order barring him from doing so.
August 30, 2022
AICPA CEO Says Claims of a Militarized IRS are Misleading Myths
In a statement, AICPA president and CEO, Barry Melancon, CPA, CGMA, addressed various false claims about militarization of the agency ...
Advisory August 30, 2022
New Intuit Tax Advisor System Integrates Tax Prep and Advisory
ITA generates client-friendly reports with recommendations that are personalized for estimated tax savings strategies.
Taxes August 29, 2022
N.Y. Borrowers Will Not Owe Taxes on Forgiven Student Debt
Officials in New York said Monday that the canceled student debt will not be taxable in the Empire State.
Taxes August 29, 2022
These 13 States Consider Student Loan Debt Forgiveness Taxable Income
Taxpayers in those states with $10,000 in forgiven debt could owe hundreds of extra dollars on their state tax returns.
August 29, 2022
AICPA Releases Comments Requesting Guidance in Key Areas Related to Remote Work
The AICPA requested guidance in several key areas related to employees working remotely and offering recommendations regarding the taxation of payments related to remote work.
August 29, 2022
AICPA Releases Exposure Draft and Invitation to Comment on Proposed Revisions to Tax Standards
Updates to the SSTSs will better reflect the issues and needs of members and the tax practices of today and in the future.
Accounting August 29, 2022
AICPA Submits Comments on Virtual Currency Question on Form 1040 and Instructions
The AICPA is requesting that the question can be clarified before the 2022 forms are finalized in order to provide greater certainty to taxpayers and their preparers and to ...
Taxes August 26, 2022
Which Vehicles Qualify for New $7,500 Electric Vehicle Tax Credit?
The Inflation Reduction Act only offers tax credits on electric vehicles assembled in North America.
Taxes August 26, 2022
IRS is Assessing Security for Offices, Staff After Political Attacks
The IRS, which has about 600 facilities nationwide, has become a target of GOP lawmakers in recent weeks.