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 11, 2025
Survey: 91% of Americans Think Filing Taxes Should Be Free
In addition, two in three people describe tax preparation companies that advertise free tax filing services as "bait-and-switch" schemes, according to WalletHub's 2025 Tax Survey.
Taxes March 11, 2025
IRS: Average Tax Refund Amount Up 6.3% From This Time Last Year
The average tax refund amount for tax returns filed through Feb. 28 was $3,382, about 6.3% higher than the average refund of $3,182 through Mar. 1, 2024, the IRS said last week.
State and Local Taxes March 10, 2025
How the 50 States Rank By State and Local Tax Rates in 2025
WalletHub released a new study examining which states had the highest and lowest state and local tax rates to determine where residents are giving the most and least money back to their respective governments.
Accounting March 10, 2025
Most CFOs Plan to Pass Tariff Costs on to Customers, Says Gartner Survey
Gartner polled 192 CFOs and finance leaders from a cross-industry group of organizations with global operations about priorities in response to new tariffs.
IRS March 10, 2025
House Unveils Trump-Backed Bill to Avert Government Shutdown
The bill would claw back $20.2 billion in spending for the Internal Revenue Service passed as part of President Joe Biden’s signature green-energy Inflation Reduction Act.
Taxes March 7, 2025
AICPA Releases Statement on IRS Services for this Tax Season
In the wake of recent reports of workforce reductions at the Internal Revenue Service (IRS), President and CEO, Mark Koziel, CPA, CGMA, of the American Institute of CPAs (AICPA) released the following statement.
Taxes March 7, 2025
Michigan Businessman Found Guilty of Employment Tax Crimes
A federal jury convicted a Michigan businessman on March 5, 2025, for not paying employment taxes and not filing his own individual income tax returns.
Taxes March 7, 2025
The Tax Blotter – March 7, 2025
The Tax Blotter is a round-up of recent tax-related news briefs.
Taxes March 7, 2025
Can a U.S. Tax Court Decision Be Appealed?
Even though the Tax Court is commonly thought of as the forum of last resort for appealing tax bills and other IRS issues, there is a way to appeal a Tax Court ruling. However, the chances of success of these appeals are often relatively low.
Financial Reporting March 6, 2025
AICPA Says BOI Enforcement Freeze is Good Step, But Wants Clarification
The AICPA awaits the release of additional details later this month but believes that Treasury is headed in the right direction with this decision.
Small Business March 6, 2025
Trump Suspends Tariffs on Most Mexican Products For One Month
In a post on Truth Social, President Trump said he would delay for one month the imposition of 25% taxes on Mexican imports that fall under a free trade agreement that he negotiated during his last term.
Taxes March 6, 2025
IRS to Keep Tax Interest Rates the Same For Q2 of 2025
For individuals, the rate for overpayments and underpayments will be 7% per year, compounded daily, the IRS said on March 6.