Taxes August 30, 2025
SPECIAL SERIES: Spotlight on 2025 ‘Big Beautiful Bill’ Tax Law Changes
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.
Taxes June 25, 2025
IRS Staff Reductions, Potential Tax Law Changes Pose Challenges to Next Tax Season, Taxpayer Advocate Says
Despite calling this past tax filing season one of the most successful in recent memory, National Taxpayer Advocate Erin Collins warned there are potential risks heading into the 2026 tax season and that "it is critical that the IRS begin to take steps now to prepare."
Taxes June 25, 2025
IRS Responds to Delays in Processing Electronic Payments
The agency said it's aware of a delay in processing some electronic payments and that some taxpayers are receiving IRS notices indicating a balance due even though payments were made on time.
Taxes June 23, 2025
IRS Extends Tax Deadlines in Parts of Texas and Mississippi for Victims of Severe Storms
Victims of severe storms that produced flooding and damaging winds in areas of Texas and Mississippi in mid- to late March have more time to file various federal individual and business tax returns and make tax payments, the IRS said.
Taxes June 23, 2025
IRS Refines Pre-Filing Agreement Tax Certainty Program
Improvements made to the IRS Pre-Filing Agreement program will provide greater tax certainty for large business and international taxpayers, the agency announced on June 17.
Income Tax June 23, 2025
Colorado Dentist Sentenced for $1.6 Million Tax Evasion Scheme
The tax shelter involved concealing income and creating false tax deductions through the use of a so-called business trust, family trust, charitable trust and a private family foundation.
Taxes June 17, 2025
Tax Court Refuses Moving Expense Deduction for Military Contractor
Despite changes from the Tax Cuts and Jobs Act (TCJA), military personnel may still claim a deduction for job-related moving expenses. But simply working for the armed forces doesn’t command a deduction.
Taxes June 17, 2025
Wolters Kluwer Releases Tax Briefing on Senate’s Latest Version of Reconciliation Bill
The proposal, which follows the House’s narrow passage of its own version in May, includes sweeping changes to the tax code.
Taxes June 10, 2025
IRS Extends Tax Deadlines for Victims of Oklahoma Wildfires
Those impacted by the wildfires that destroyed at least 530 homes and businesses in parts of Oklahoma last March will now have until Nov. 3, 2025, to file various federal individual and business tax returns and make tax payments.
Taxes June 5, 2025
The Tax Blotter – June 2025
The IRS just released its annual “Data Book” providing vital information about the agency’s activities for its 2024 fiscal year (FY2024) spanning October 1, 2023, through September 30, 2024 .
Taxes June 4, 2025
No State Tax is Why the Florida Panthers Are Succeeding? Not Exactly, GM Says
There has been a lot of talk in hockey circles recently how a select group of teams possibly have an upper hand in the NHL because they play in states without an income tax.
Taxes June 3, 2025
IRS Calls 2025 Tax Season ‘Successful’ Despite Staff Cuts, Revolving Door of Leaders
The IRS completed a "successful 2025 filing season" with 87% of taxpayer phone calls answered by customer service representatives and average wait times of three minutes, the agency said last week, despite workforce reductions and leadership changes that have put the IRS at times in a state of turmoil.
Taxes June 2, 2025
Santucci’s Pizza Owner Pleads Guilty to Tax Evasion, Hiding $4.8 Million in Income From IRS
Frank Santucci Sr., owner of Santucci’s Original Square Pizza, agreed to plead to two counts of tax evasion and two counts of filing false tax returns for failing to pay nearly $375,000 in taxes, federal court records show.