Accounting June 28, 2025
Nominations Open for 2025 Innovation Awards
The Innovation Awards highlight technologies that are shaping the profession and small businesses through increased collaboration and productivity.
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 24, 2025
GOP Considers Canceling Recess to Wrap Up Trump’s Tax Bill
Republican leaders are stepping on the gas to get the giant budget package to President Donald Trump's desk before his July 4 deadline.
Technology June 24, 2025
RSM US Launches New AI-Powered Tax Platform
The top five accounting firm said its new myRSM Tax ecosystem "demonstrates how cutting-edge AI is transforming client service, streamlining operations, and empowering professionals across the firm."
IRS June 23, 2025
Billy Long Sworn in as 51st Commissioner of the IRS
The former Missouri lawmaker, who was sworn in on June 16, said transforming the culture at the tax agency is at the top of his to-do list.
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.
Payroll June 23, 2025
What is a ‘Trump Account’ and How Can it Help New Parents and Their Babies?
Under the tax-and-spending bill currently in Congress, qualifying parents of newborn children through Dec. 31, 2028, will receive $1,000 for what’s being called a Trump Account. It could be opened by a parent or guardian.
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 23, 2025
A Look at Key Provisions in the Proposed GOP Tax Bill
The Senate draft highlights key differences from the House-passed bill, such as permanent extensions on many corporate tax provisions, modifications to international rules, and a limited expansion of the SALT deduction.
Payroll June 20, 2025
White House: Families in These States Would Benefit the Most From Trump Tax Bill
The state-by-state analysis lists the anticipated increases to take-home pay for a “typical family with two kids” and the “long-run wage increase” for families, adjusted for inflation.
Taxes June 20, 2025
Trump’s Plan to Tax Money Sent Abroad Could Impact Latin America, Caribbean Economies
The 3.5% tax on remittances, which are not currently taxed, is among several provisions tucked inside President Donald Trump’s “One Big, Beautiful Bill” tax-and-spending plan.
Taxes June 19, 2025
Tax Break for Cigarettes Sparks a Flood of Imports
Mexican-made packs of popular U.S. cigarette brands are flooding the market as a result of a loophole in U.S. trade law.