The Internal Revenue Service today announced a new automatic process to provide penalty relief for taxpayers with a history of filing and paying on time, reducing the need for them to request assistance.
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The Department of the Treasury and the Internal Revenue Service today issued final regulations identifying certain arrangements purporting to be Charitable Remainder Annuity Trusts as listed transactions.
The IRS and Security Summit partners today launched the summer “Protect Your Clients; Protect Yourself” campaign, a five-week series highlighting practical steps tax professionals can take to protect client data, their businesses, and themselves from evolving tax-related identity theft threats.
The Department of the Treasury and the Internal Revenue Service today issued Revenue Procedure 2026-25 providing a gift tax reporting safe harbor for certain contributions to Trump accounts created under the Working Families Tax Cuts.
National Taxpayer Advocate Erin M. Collins today released her Fiscal Year 2027 Objectives Report to Congress, highlighting a largely successful 2026 filing season in which the IRS processed nearly 139 million individual tax returns, issued more than 90 million refunds, and successfully implemented extensive tax law changes despite significant operational challenges.
The Internal Revenue Service today announced select Taxpayer Assistance Centers will be open Saturday, June 27, for the final Saturday service event of 2026.
The Internal Revenue Service Electronic Tax Administration Advisory Committee released its 2026 annual report today with a total of 18 recommendations – six of which are directed to Congress.
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The proposal would let issuers, broker-dealers, investment advisers, and others deliver information to investors electronically without first obtaining affirmative consent.
The midyear change follows an increase in gasoline prices, according to the IRS. It is the first such midyear adjustment since 2022.
PEEC finalized revisions to the AICPA’s independence guidance for tax services, maintaining a principles-based framework for evaluating independence threats when providing tax advisory and planning services to attest clients.
SAS No. 150, External Confirmations, published Monday following an AICPA Auditing Standards Board vote in May, is designed to address today’s digitally driven environment.
The final regulations target arrangements that the IRS says improperly use charitable remainder annuity trusts and annuities to eliminate ordinary income and capital gain on the sale of property.
Under the new system, eligible taxpayers will no longer have to request penalty relief that the IRS says is routinely granted.
More than 80% of attendees in a recent ENGAGE session reported they’ve had at least one client compromised by a financial scam. The presenter explains how CPAs can be “fraud gatekeepers” before, during, and after an incident.
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Maram Hammadi, who grew up playing on dirt fields in Iraq before opening a barbershop outside Seattle, heard Egypt needed a barber. He cleared his books.By Remy Tumin
Other booksellers have been detained in recent months as part of a broad national security crackdown.By Alexandra Stevenson
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Germantown and its neighbor, Mt. Airy, share a rich cultural history, proximity to nature and a strong community.By Gina Ryder and Hannah Yoon
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These four keys can help you go a long way toward making more of your marketing budget.,
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Over 100 years ago, Pope Leo XIII wrote a seminal letter encouraging workers to unionize in the face of industrialization. The current Pope Leo XIV in his seminal letter warned of an economic disruption from today that threatens workers - Artificial Intelligence.
Lagging consumer spending and business investment offset the boost from strong exports thanks partly to the boom in artificial intelligence.
AI is a fast-growing business expense. Some companies are cutting costs by switching to cheaper Chinese AI models.
China’s turbocharged growth may have made it rich, but now it has to deal with rich country problems.
China’s turbocharged growth may have made it rich, but now it has to deal with rich country problems.
Many Gulf states like the United Arab Emirates are diversifying away from oil, but how do you actually measure that? After China resumed buying American soybeans, what are farmers doing now? And is your neighbor paying less for their car than you? Today on the show, we explore YOUR listener questions.
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