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 …
Proposed IRS Regs Offer Alternate E-Furnishing Option for Digital Asset Broker Statements
The IRS has issued proposed regs that would give digital asset brokers an optional, streamlined process for electronically furnishing a new information return …
Form 1099-DA Debut Will Test Broker, Taxpayer Readiness in Transition Year
Digital asset brokers and taxpayers are expected to face some growing pains with this tax season’s debut of a new …
Tax Pros Discuss OBBB State Conformity Challenges
As states scramble to adjust their laws after major changes to the federal tax code under the One Big Beautiful …
IRS Releases Schedule, Instructions for New OBBB Individual Deductions
The IRS has published new Schedule 1-A that taxpayers will use for tax year 2025 to claim the One Big Beautiful Bill …
Income Tax Disclosure Rules Put Pressure on Corporate Data Systems
New financial disclosure requirements from the Financial Accounting Standards Board (FASB) are intended to provide investors with greater transparency into …
Dems Push to Overturn IRS Rule on Solar, Wind Tax Credits
A group of Senate Democrats introduced a resolution to disapprove of IRS guidance that changes the requirements for wind and …
How the Latest CAMT Guidance Impacts the R&E Deduction
The IRS provided additional guidance on the corporate alternative minimum tax (CAMT) last week – including an important update for …