New Report Fuels Calls to Regulate Uncredentialed Tax Preparers
A new “mystery shopper” report from the Center for Taxpayer Rights (CTR) reveals widespread incompetence and misconduct among non-credentialed tax preparers, …
Coca-Cola, DOJ at Odds Over 3M Blocked Income Ruling
The Department of Justice and The Coca-Cola Company have filed letters with the U.S. Court of Appeals for the 11th …
Experts Discuss Evolving Nexus Standard for State Tax Jurisdiction
The standard for nexus – a state’s jurisdictional authority to impose a tax on a business – has evolved from …
Policy Analysts Say OBBB Leaves State Budgeteers to Fend for Themselves
A new report from the Center on Budget and Policy Priorities (CBPP) finds that state and local policymakers face a “one-two punch” …
Clean Energy Sector ‘Scrambling’ to Keep Up With OBBB Foreign Entity Rules
Clean energy developers and manufacturers, especially in the wind and solar sectors, are endeavoring to fully digest stringent foreign entity …
Paperless Transition Brings Refund Delay Concerns
With the IRS’ shift to electronic tax refunds this filing season, two House Democrats cautioned that over 830,000 taxpayers are …
Treasury, IRS Officials Preview OBBB Guidance Roadmap
IRS and Treasury officials, speaking at the Federal Bar Association Tax Law Conference March 5, detailed an ambitious schedule of …
Wealth Planning Expert’s Advice on New Charitable Giving Floors
New charitable deduction floors under the One Big Beautiful Bill (OBBB) are lesser-known provisions that may sneak up on unprepared …
Downsized IRS to Shift Towards ‘Fewer’ but ‘Deeper’ Audits, Former Officials Say
The IRS is navigating human capital challenges brought on by a decade of workforce reductions, forcing the agency to pivot …
IRS Provides Details on Trump Account Elections, Pilot Contributions
The IRS released proposed regulations detailing how to elect open a Trump account on behalf of an eligible beneficiary and …