Direct File Programmers Not Giving Up on Dream of a Cost-Free Tax Season
Though it may seem like the IRS’ free tax filing option available for its first full tax season this year …
Self-Reporting Misconduct Can Be Beneficial for Practitioners, OPR Says
Tax practitioners who self-report Circular 230 violations may avoid harsher sanctions and qualify for favorable settlements, the IRS’ Office of …
CBO Analyzes Distributional Effects of Budget Act
The lowest-income earners will lose an average $1,200 in overall household resources each year resulting from the Act of 2025 …
Billy Long Out as IRS Chief After 2 Months
The commissioner carousel at the IRS continues to leave a revolving door atop the agency, as President Trump is moving …
Social Security Bill Proposes New Inflation Measure, Tax Changes for High Earners
Senator Mazie Hirono (D-HI) and Representative Jill Tokuda (D-HI) have introduced the Protecting and Preserving Social Security Act to address Social Security’s …
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 …
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 …