IRS Finalizes Stock Buyback Tax Rules
Treasury and the IRS have released final regulations on the 1% excise tax on the value of stock repurchased by …
Practical Ways to Gear Up for Tax Season
To mentally prepare the upcoming 2025 tax season, practitioners must move beyond survival mode and embrace the complexities of the …
Preparing for New 1099 Digital Asset Reporting Rules
The IRS’ new digital asset form will make its debut this upcoming tax season for 2025 transactions. Nik Fahrer, director …
What to Expect From Clean Energy Tax Incentives Post-OBBBA
Tax and energy policy experts agree that while the One Big Beautiful Bill Act (OBBBA), will slow clean energy deployment, …
Trump Pulls IRS Chief Counsel Nominee After Backlash Over Democrat Ties
President Trump has withdrawn his nomination of Donald Korb as the IRS’ top lawyer ahead of his scheduled confirmation vote. Although the …
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 …
Corporate Alternative Minimum Tax Guidance: What We Know So Far
In a November 6 webcast, a panel of Ernst & Young (EY) tax professionals analyzed the suite of interim IRS …
New ACA Premium Tax Credit Options Floated
The Senate has advanced a package to end the shutdown – with House consideration expected today. The package, however, holds …
How the OBBB Impacts Year-End Charitable Giving
The One Big Beautiful Bill Act (OBBB) makes several changes to the charitable deduction beginning in 2026, including introducing new …