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.
Payroll June 23, 2025
What is a ‘Trump Account’ and How Can it Help New Parents and Their Babies?
Under the tax-and-spending bill currently in Congress, qualifying parents of newborn children through Dec. 31, 2028, will receive $1,000 for what’s being called a Trump Account. It could be opened by a parent or guardian.
Taxes June 23, 2025
IRS Refines Pre-Filing Agreement Tax Certainty Program
Improvements made to the IRS Pre-Filing Agreement program will provide greater tax certainty for large business and international taxpayers, the agency announced on June 17.
Income Tax June 23, 2025
Colorado Dentist Sentenced for $1.6 Million Tax Evasion Scheme
The tax shelter involved concealing income and creating false tax deductions through the use of a so-called business trust, family trust, charitable trust and a private family foundation.
Taxes June 23, 2025
A Look at Key Provisions in the Proposed GOP Tax Bill
The Senate draft highlights key differences from the House-passed bill, such as permanent extensions on many corporate tax provisions, modifications to international rules, and a limited expansion of the SALT deduction.
Payroll June 20, 2025
White House: Families in These States Would Benefit the Most From Trump Tax Bill
The state-by-state analysis lists the anticipated increases to take-home pay for a “typical family with two kids” and the “long-run wage increase” for families, adjusted for inflation.
Taxes June 20, 2025
Trump’s Plan to Tax Money Sent Abroad Could Impact Latin America, Caribbean Economies
The 3.5% tax on remittances, which are not currently taxed, is among several provisions tucked inside President Donald Trump’s “One Big, Beautiful Bill” tax-and-spending plan.
Taxes June 19, 2025
Tax Break for Cigarettes Sparks a Flood of Imports
Mexican-made packs of popular U.S. cigarette brands are flooding the market as a result of a loophole in U.S. trade law.
Taxes June 18, 2025
AICPA Applauds Senate Efforts to ‘Improve and Correct’ House Version of Tax Bill
Following the release of the reconciliation bill by the Senate, the AICPA has identified several provisions it supports.
Small Business June 18, 2025
Supreme Court Asked to Hear Challenge to Trump’s Global Tariffs
The request filed by two family-owned toy companies on June 17 seeks to put the case on an expedited track with the possibility of a definitive Supreme Court ruling by the end of the year.
Taxes June 17, 2025
Tax Court Refuses Moving Expense Deduction for Military Contractor
Despite changes from the Tax Cuts and Jobs Act (TCJA), military personnel may still claim a deduction for job-related moving expenses. But simply working for the armed forces doesn’t command a deduction.
Taxes June 17, 2025
Wolters Kluwer Releases Tax Briefing on Senate’s Latest Version of Reconciliation Bill
The proposal, which follows the House’s narrow passage of its own version in May, includes sweeping changes to the tax code.
Taxes June 17, 2025
Senate GOP Tax Bill Would End Federal Taxes on Many Guns, Silencers
Senate Republicans’ tax bill would eliminate federal taxes and regulations on short-barreled rifles, short-barreled shotguns, and silencers as well as preempt state or local licensing requirements in a win for gun-rights advocates.