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 March 15, 2025
Trump Signs Short Term Spending Bill to Avoid Government Shutdown
President Donald Trump signed a stopgap funding bill that will keep the government open for the remainder of the fiscal year, paving the way for Republican lawmakers to pivot to signature border and tax bills they seek to pass in the coming months.
Taxes March 14, 2025
Trump Mulls Eliminating Income Taxes for People Who Earn Less Than $150,000
In a Tuesday night CBS interview with U.S. Commerce Secretary Howard Lutnick, the federal official stated President Trump hopes to eliminate income taxes for people who earn less than $150,000 a year.
Taxes March 14, 2025
Oz Reportedly Underpaid Social Security and Medicare Taxes in 2022 and 2023
President Trump's pick to lead the Centers for Medicare and Medicaid Services, Dr. Mehmet Oz, is set to have his confirmation hearing before senators on Friday, a day after reports surfaced that he may have “significantly” underpaid Social Security and Medicare taxes in recent years.
Taxes March 14, 2025
Staying In Step with Irrevocable Life Insurance Trusts
Wealthy individuals often set up an irrevocable life insurance trust (ILIT) to avoid federal estate tax on large insurance policies. But a small misstep could lead to a tax disaster.
IRS March 13, 2025
Tax Refund Schedule 2025 – With One Month Left, When Will Refunds Come?
This article includes a handy reference chart to estimate when you may receive your 2025 income tax refund. The author received his in under 10 days.
Income Tax March 13, 2025
Online Tax Advice Can Lead to IRS Trouble and Criminal Charges
The IRS has long warned taxpayers of scams targeting them and their personal and financial data, particularly around tax season.
Taxes March 13, 2025
Navigating Form 6765: What CPAs Must Know for R&D Tax Compliance
By staying ahead of the recent changes the IRS made to Form 6765, accountants and other tax professionals can help businesses maximize their R&D credits while minimizing the risk of IRS audits and compliance issues.
Taxes March 13, 2025
Tax-Related Scams Set to Increase as April 15 Filing Deadline Nears
If the last month before Tax Day this year is anything like the last few weeks of tax season 2024, expect a significant surge in tax-related scams as cybercriminals try to exploit unsuspecting taxpayers, warns security software company DNSFilter.
Taxes March 13, 2025
IRS Says Time is Running Out to Claim 2021 Tax Refunds
The IRS estimates that more than 1 million people across the country may have unclaimed tax refunds from tax year 2021, and they have until April 15 to submit their federal return.
Technology March 12, 2025
Bloomberg Tax & Accounting Launches New Gen AI-Powered Features for Tax Research
Bloomberg Tax & Accounting announced March 10 the launch of two new generative AI-powered features that simplify tax research—Bloomberg Tax Answers and AI Assistant—now available within the Bloomberg Tax platform at no additional charge.
Legislation March 12, 2025
House Passes Funding Bill to Avoid Government Shutdown
But with most Democrats opposed and 60 votes needed in the Senate to avoid a filibuster, it is unclear if the measure has the support needed in that chamber to pass.
Small Business March 11, 2025
Small Businesses Pushing for Tax Simplification to Help Them Meet Their Goals in 2025, Survey Finds
U.S. small businesses are planning for 2025 to be a year of growth and optimism—and they're urging Congress and the Trump administration to prioritize tax reform, address inflation, enhance workforce development, cut regulatory red tape, and increase access to capital, according to a new survey from Goldman Sachs.