IRS Issues Crucial Guidance on Revamped Section 45S Paid Family and Medical Leave Credit Under 2025 Tax Law
WASHINGTON — In a move designed to reshape how American businesses support their workforce, the Internal Revenue Service (IRS) has...
Personal Tax Planning
IRS Expands Business Tax Account Capabilities, Ushering in a New Era of Digital Self-Service for Millions of Entities
WASHINGTON — In a significant step toward modernizing the federal tax administration and reducing administrative burdens for the nation’s commercial...
IRS Issues Comprehensive Overtime Deduction Guidelines for Tax Year 2026: What Employers and Employees Need to Know
WASHINGTON — In an effort to clear up widespread confusion surrounding a major new tax benefit, the Internal Revenue Service...
IRS Issues Final Regulations Aligning Backup Withholding Thresholds with OBBBA Legislation
WASHINGTON — The Internal Revenue Service (IRS) has officially published final regulations (Treasury Decision 10053) that formalize sweeping adjustments to...
From Pepperoni to Practice Management: How CPA Nicole Davis Revolutionized Tax Workflow with the "Tax Return Pizza Tracker"
By Financial Tech & Practice Management Correspondent Published in Partnership with Leading Industry Reviews Main Facts In the fast-paced world...
IRS Issues Landmark Proposed Regulations on Tax-Free Employer Contributions to Trump Accounts
WASHINGTON — In a move projected to impact tens of millions of American families and employers nationwide, the Internal Revenue...
FinCEN Permanently Ends Beneficial Ownership Information Reporting for U.S. Entities in Major Regulatory Shift
WASHINGTON — In a sweeping policy reversal that significantly alters the compliance landscape for millions of American businesses, the Financial...
IRS Navigates Severe IT Outages, Staffing Shortfalls, and Digital Mandates During the 2026 Filing Season, GAO Report Reveals
WASHINGTON — While the vast majority of American taxpayers experienced a relatively standard and uneventful tax season in 2026, a...
IRS Issues Long-Awaited Guidance Under SECURE 2.0 to Streamline Retirement Plan and IRA Rollovers
WASHINGTON — In a major step toward modernizing and securing the nation’s retirement infrastructure, the Internal Revenue Service (IRS) released...
IRS Shifts Strategy on Conservation Easements: New Specialized Office Replaces Blanket Settlement Initiatives
WASHINGTON — In a significant operational and strategic pivot, the Internal Revenue Service (IRS) has announced the immediate dissolution of...
IRS Proposes Strict Investment Guardrails for ‘Trump Accounts,’ Limiting Growth-Phase Holdings to Low-Fee U.S. Equity Funds
WASHINGTON — In a major regulatory step that will shape the financial futures of millions of American children, the Internal...
AICPA Backs Landmark Federal Disaster Tax Relief Legislation, Pushes for Permanent Congressional Action
WASHINGTON — In a significant development for tax policy and disaster recovery, the Association of International Certified Professional Accountants (AICPA)...
