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Taxes August 30, 2025
This series of articles spotlights key tax issues and changes made to tax law in 2025 and the years to come as a result of the OBBBA.
Special Section: Guide to 2025 Tax Changes August 1, 2025
Along with the extensions, the OBBBA makes some other technical tweaks that may benefit some individuals in the lower tax backets. All brackets will continue to be adjusted annually for inflation.
Taxes August 1, 2025
An IRS spokesperson confirmed the agency is awaiting the task force’s findings, which must be delivered to Congress within 90 days.
Taxes July 31, 2025
A tax credit in Trump’s signature law leaves states to sort out rules, funding, and oversight.
Steven M. Phelan, CPA.CITP manages an accounting practice based in Oklahoma City, Oklahoma. Areas of practice include taxation, general accounting and technology consulting. He is active within the CPA profession and is a frequent speaker at seminars and conferences throughout Oklahoma. Steven was recently added as a discussion leader for K2 Enterprises where he speaks to CPAs throughout the nation covering a variety of technology topics. Steven is currently a contributing author to the CPA Practice Advisor, where he reviews tax and accounting software solutions. Most recently, Steven was selected as a 2012 Oklahoma Society of CPAs Trailblazer recipient, which recognizes service to the CPA profession and to the community.