House Passes Two Taxpayer Protection Bills The House passed two bipartisan bills aimed at strengthening taxpayer rights on December 1 – the Fair and Accountable IRS …
Charitable Deduction Unpacked – Individual Itemizers On Giving Tuesday, here’s what to know about how the charitable deduction will change next year – and how professionals …
Senate Funding Plan for IRS, SEC Unveiled Senate appropriators released their fiscal year 2026 funding plan for Treasury, the IRS, and the SEC on November 24, 2025. …
What to Know as the IRS Emerges from the Shutdown The recent government shutdown was unique because prior funding allowed many IRS employees to remain on the job. However, after …
Changes Ahead for Taxpayers with Discharged Student Loan Debt A Biden-era tax exclusion for certain student loan discharges is set to expire at year-end, causing discharged balances to be …
Tax Pros Urge Caution in 2025 Overtime Reporting The new federal overtime deduction – adopted midyear but effective for qualified overtime earned beginning January 1, 2025 – has …
Relief for Taxpayers Who Can’t Pay Their Tax Bill Shannon Christensen April 20, 2025 As a tax practitioner, your role extends beyond preparing tax returns; you are a vital …
Midyear State and Local Minimum Wage Increases Starting July 1, 2025, several states and localities will implement increases to their minimum wage rates. This article outlines the …
SEC Staff Preparing In Case PCAOB Is Eliminated The Securities and Exchange Commission (SEC) staff is preparing to assume the responsibilities of the Public Company Accounting Oversight Board …