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 February 20, 2025
Congress Considers Tax Relief for Los Angeles Fire Victims
No one can say with certainty but lawmakers are hopeful that the partisan bickering that's dominated Washington debate will subside on the disaster tax relief issue.
IRS February 19, 2025
IRS Workers in Kansas City Brace for Mass Layoff
National Treasury Employees Union Chapter 66 president Shannon Ellis said the union had been informed by IRS leadership that as many as 1,000 probationary employees would be let go this week.
Taxes February 19, 2025
Should You Report Cryptocurrency on FATCA Form 8938?
As it has become a more common asset among your average investors, these folks have had many questions about the tax implications of investing in cryptocurrency, or virtual currency, as it is also known. The answers can be somewhat complicated.
Taxes February 19, 2025
Nevada Lawmaker Trying Again to Kill Federal Excise Tax on Sports Bets
The quarter percent federal excise tax, also known as the handle tax, "does nothing except penalize legal gaming operators for creating thousands of jobs," said U.S. Rep. Dina Titus, D-Las Vegas.
IRS February 18, 2025
Bessent: DOGE Effort Has Saved Estimated $50 Billion Thus Far
Treasury Secretary Scott Bessent said Americans “don’t have to be concerned about any of this,” referring to attempts by the DOGE team to access a broad range of taxpayer data, including on individuals.
Taxes February 18, 2025
Should You Use Your Tax Refund to Pay Off Debt?
A refund has the potential to make a serious dent. The average refund amount in 2024 was $3,138, according to the IRS. But is paying down debt the best way to spend that money?
Taxes February 18, 2025
Are Married Couples Considered Partners in LLCs?
You live together, you work together, you may even have children together. But does being partners in life automatically make you partners in business?
Taxes February 17, 2025
Trump Cabinet Member Blames Democrats for IRS Audit
Secretary of Defense Pete Hegseth accused former President Joe Biden’s administration of rushing an IRS audit into him in a post to social media platform X on Monday.
IRS February 17, 2025
IRS Sets Stage for Musk Adviser to Access Taxpayer Data
The IRS is poised to hand over unlimited access to taxpayer data to an adviser from Elon Musk’s government efficiency group, according to a draft agreement between the tax agency and the Office of Personnel Management.
Taxes February 17, 2025
Opinion: Americans Would Pay Higher Taxes to Save Social Security
Voters are clear in how they want Congress to shore up the massively popular program’s deteriorating finances, but lawmakers don't seem to be listening.
Taxes February 16, 2025
IRS Income Tax Refund Schedule for 2025 – Could IRS Layoffs Delay Tax Refunds?
Updated Feb. 16, 2025. Tax season has just begun, but it may be about to get more difficult for taxpayers and tax preparers such as CPAs and accountants. The move could also delay income tax refunds. The IRS started accepting income tax returns on January 27, 2025, which means tax filing season is officially upon...…
Taxes February 16, 2025
IRS Could Lay Off 15,000 Staff This Week, During Peak Tax Season
According to ABC News and the Associated Press, up to 15,000 workers at the Internal Revenue Service could be laid off from their positions in the next week.