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 February 26, 2025
AICPA Offers Strong Support for Disaster Tax Relief Bills in House
The Filing Relief for Natural Disasters Act would expedite the issuance of federal tax relief and provide the IRS with authority to grant tax relief once the governor of a state declares a disaster or state of emergency.
AICPA February 26, 2025
AICPA Submits Request for Updates, Request to Testify on Circular 230
The AICPA’s recommendations were submitted to clarify the proposed revisions to the Treasury’s standards, as well as other rules that tax and valuation practitioners must follow.
IRS February 26, 2025
Melanie Krause Named IRS Acting Commissioner as Douglas O’Donnell is Set to Retire
IRS chief operating officer Melanie Krause will be taking over as the agency's acting commissioner, a move that was announced by Treasury Secretary Scott Bessent on Monday after current IRS interim chief Douglas O'Donnell said he plans to retire on Feb. 28.
Taxes February 26, 2025
Tax Cut Chances Rise as House Republicans Pass Budget Targeting Safety Net
Chances for early action on Donald Trump's tax cut plans improved as House Republicans passed a budget blueprint Tuesday calling for deep cuts in safety-net programs such as Medicaid.
Taxes February 25, 2025
Avalara Amplifies Efforts for Governments and the Public Sector
Governments can look to streamline tax administration to support transparent tax administration for constituents and businesses, while remaining budget conscious.
Taxes February 25, 2025
These States Have the Highest Property Tax Rates
WalletHub released a new study of the states with the highest property tax rates to give prospective homebuyers a better understanding of how much they can expect to pay each year.
Taxes February 25, 2025
How Paychecks Could Change in Each State if Trump Nixes Federal Income Tax
Curious what your paycheck would look like if President Trump actually does get rid of the federal income tax? Recently, GOBankingRates compiled data to determine what checks and income would look like, state by state.
Taxes February 25, 2025
Tax Court Rejects Self-Employment Claim by Freelance Movie Critic
Generally, self-employed individuals are required to pay annual self-employment tax, the equivalent of FICA tax for employees, on most business earnings.
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Taxes February 25, 2025
Nevada Woman Pleads Guilty to $98 Million Covid-19 Employment Tax Fraud
In total, these claims sought refunds of over $98 million, of which the IRS paid approximately $33 million. McCoy personally received over $1.3 million in fraudulent refunds and was...
Small Business February 25, 2025
Trump Says Tariffs on Canada and Mexico Will Go Forward March 4
“The tariffs are going forward on time, on schedule,” Trump responded. The Commerce Department is currently calculating the rate it will impose on other countries, promising to incorporate both tariffs and other barriers on U.S. imports.
Taxes February 24, 2025
1099-K Tax Rules: What You Need to Know if You Get Paid Via Venmo, Cash App, or PayPal
If you get paid through Venmo, PayPal, Cash App or another payment app, you may receive an IRS Form 1099-K this year. Here's what you need to know.
Taxes February 24, 2025
Average Tax Refund is Down 32%, IRS Data Shows
A quick glance at the latest 2025 tax refund numbers may be cause for concern for those who haven’t filed yet, but the IRS says there’s a good reason why certain numbers are down.