CPAs Say IRS Must Clarify Retroactive Research Expense Deductions
The IRS needs to issue guidance clarifying the retroactive provisions of the Act of 2025 (P.L. 119-21) that altered the …
Clean Energy Sector Bracing for Credit Phase-outs, Foreign Entity Rules: Tax Pro
One month after the enactment of the tax package formerly known as the One Big Beautiful Bill, clean energy stakeholders …
Amid Legislative Push for Crypto in Pensions, New Report Urges States to Enact Prohibitions
As a growing number of U.S. states consider or enact legislation allowing public pension funds to invest in cryptocurrency, a …
Nonprofits Oppose New IRS Stance on Church Political Activities
Over 1,500 nonprofits have signed onto a letter urging President Trump and the IRS to maintain a long-standing prohibition on …
White House Calls for Digital Asset Tax ‘Fairness’ in New Report
In accordance with a President Trump executive order, the administration’s task force on digital asset policy released its report detailing …
With IRS Cuts, Education on New Tax Act May be an Uphill Battle
IRS Communications and Liaison saw a 44% staffing cut under President Trump, so the tax professional community should be prepared …
Accountants Offer Assistance as SEC Drafts Regulatory Framework for Cryptos
In comment letters, the AICPA, the Center for Audit Quality (CAQ), and Big Four firms said that they support the …
Average Filing Time to Increase Under New Tax Act, Says Group
The new tax act’s “no tax on” and state and local tax (SALT) deduction provisions will cause taxpayers in all …
Concerns Grow as Premium Tax Credit Sunset Looms
The newly passed tax act extended many key expiring provisions – but one thing it didn’t address is enhanced health …
What Should We Do If the Post Office Returns a COBRA Election Notice as Undeliverable?
QUESTION: Our company (as plan administrator of our health plan) recently mailed a COBRA election notice by first-class mail, but …