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 3, 2025
Tax Identity Theft Victims’ Wait Times Are Slowly Getting Shorter, Taxpayer Advocate Says
The IRS is slowly cutting the time it takes to assist taxpayers who have been victims of tax-related identity theft, National Taxpayer Advocate Erin Collins said last week.
Taxes February 3, 2025
Mexico Reaches Deal with Trump to Avert Tariffs for at Least a Month
Mexican President Claudia Sheinbaum said she spoke to the American leader Monday morning and that they came to an accord that delays for at least a month Trump's threat of 25% tariffs on all Mexican goods imported to the U.S.
Taxes February 3, 2025
Top 10 Biggest Income Tax Credits and Deductions for 2025
Tax credits are usually a direct subtraction of what you owe, and can sometimes come back to you in your refund. A tax deduction generally reduces what your taxable income is. In this article, we're looking at the Top 10 tax credits and deductions, if you qualify!
Small Business February 3, 2025
Taxes for Gig Workers: Survey Shows Many Are Unprepared for Lower 1099-K Reporting Threshold
More than 20% of respondents plan to pay a tax professional for the first time as a result of 1099-K reporting changes and complexity.
Taxes February 3, 2025
The Biggest Tax Credit Many People Miss: The EITC
One in five eligible taxpayers don’t claim this credit worth up to $7,830.
Taxes February 3, 2025
Brigham Young University Wins 23rd Annual Deloitte FanTAXtic National Case Study Competition
Students from Brigham Young University won Deloitte’s 2025 FanTAXtic national case study competition. Baruch College and the University of Florida came in 2nd and 3rd.
Taxes February 2, 2025
Products Most Likely to Increase in Cost Due to Tariffs, From Avocados to Cars
The tariffs are due to take effect at 12:01 am on Tuesday. Here’s a look at key imports from the three counties that could become more costly.
Taxes January 31, 2025
Top 10 States Whose Residents Are Most Eager for Their Tax Refund
A new study from LLC.org has found that tax refund anticipation is particularly pronounced in southern states, many of which have the lowest median household incomes in the U.S.
Taxes January 31, 2025
AICPA Asks IRS to Lessen Burden on Tax-Exempt Organizations in Foreign Filing Process
In a letter submitted to the IRS on Jan. 27, the AICPA requested that the tax agency and the Treasury Department provide exemptions to, or streamlined reporting for, certain foreign filings required by exempt organizations.
Taxes January 31, 2025
Bipartisan Senate Duo Wants to Tax More Companies Out of Russia
Senate Finance Committee members Catherine Cortez Masto (D-Nev.) and John Cornyn (R-Texas) introduced legislation Thursday to stop companies from deducting or claiming credits on their U.S. tax bills for taxes paid to Russia.
IRS January 30, 2025
Taxpayer Advocate, AICPA Back Bipartisan Draft Bill to Improve IRS Administration
A discussion draft, released Thursday by Sens. Mike Crapo (R-ID) and Ron Wyden (D-OR), that proposes several ways to fix IRS procedures and administration has strong support from National Taxpayer Advocate Erin Collins and the AICPA.
Accounting January 29, 2025
Technology Solutions for FASB ASU 2023-09 Compliance
Three ways tax provision software can help organizations comply with FASB's standard on income tax disclosure requirements and five key factors to consider when choosing a solution.