— The Internal Revenue Service today reminded taxpayers that choosing the right tax professional is essential to helping them avoid tax-related identity theft and financial harm.

IRS, national partners launch EITC Awareness Day on 50th anniversary of the Earned Income Tax Credit
— The Internal Revenue Service and partners around the nation today celebrated the 50th anniversary of the Earned Income Tax Credit (EITC) with the launch of this year’s EITC Awareness Day campaign.
— The Internal Revenue Service today provided taxpayers with six tips to make filing their 2024 tax return easier.
— The Internal Revenue Service opened the 2025 tax filing season today and is accepting and processing federal individual tax year 2024 returns.
— The Internal Revenue Service today updated the frequently asked questions in Fact Sheet 2025-01.
— The IRS today issued guidance on the income and employment tax treatment of contributions and benefits paid in certain situations under a state paid family and medical leave program, as well as the related reporting requirements. Rev. Rul. 2025-4 provides guidance to the District of Columbia and states that have mandatory paid family and medical leave programs and for employees working in and employers operating in those states.
— As tax filing season nears, the Internal Revenue Service reminds businesses to submit wage statements and certain information returns to the federal government by Jan. 31.

The Financial Crimes Enforcement Network list includes inflation-adjusted amounts for the civil monetary penalties for violating beneficial ownership information reporting rules.
If an injunction is lifted, FinCEN will extend BOI filing deadlines for 30 days and reassess the types of companies required to file beneficial ownership information reports, the government said in its filing in a Texas case.
IRS employees received an email Wednesday advising them that workers in “critical filing season positions” must work until mid-May.
FBAR penalties accrue on the date the FBAR form is due, not the date the penalty is assessed, a district court held.
The Tax Court found all requirements of Sec. 6702(a) were met regarding the taxpayer’s zero-wage and -income return.
Final regs. modernize process for sale of taxpayers’ property ... Inflation adjustments to retirement account limits issued for 2024 ... IRS to end automatic penalties for late filing of foreign gift, bequest forms ... Fraudsters get $47 million from practitioner priority service line scheme
An AICPA tax leader updates listeners on the status of beneficial ownership information reporting, explains advocacy focus areas related to proposed Circular 230 regulations, and discusses the issues that would need to be negotiated to produce an extension of the Tax Cuts and Jobs Act. Listen to the podcast episode or read the Q&A.

Jamieson Greer advocated restructuring the international trading system and defended the president’s aggressive actions against Canada and Mexico as he testified before the Senate.By Ana Swanson
Black-owned brands got a foot in the door through accelerator programs at big retailers like Target and Amazon. Now they worry the door might be closing.By Jordyn Holman and Julie Creswell
Consumer electronics, electrical equipment, and textiles and apparel are among the top categories of goods imported into the United States from China.By Danielle Kaye
After holding the event for 40 years in the Utah ski town, organizers plan to take it elsewhere starting in 2027.By Nicole Sperling
For some improv comedians, Fortune 1000 companies can help make the funny business more lucrative.By Sam Sanders
We’ll be regularly checking in with this group of people during President Trump’s first 100 days in office. Here’s what they thought on Day 1.By The New York Times
Local artists straddle aesthetic and artistic worlds in the land of mega-spectacles and oversize flash.By Elisabeth Vincentelli and Mikayla Whitmore

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Find your next step in business with powerful ChatGPT prompts. Get crystal clear on your million dollar move and make it today. No excuses.

Project 2025, is a 900-plus page blueprint for a conservative President. It was unveiled in the spring of 2023, well before Donald Trump had won the republican presidential nomination.
Jocelyn Samuels was Trump's pick in 2020 to fill a Democratic seat on the U.S. Equal Employment Opportunity Commission. She was fired in January, accused of embracing "radical" ideology.
The violin, made over 300 years ago by a legendary luthier, had been expected to sell for a higher price. The proceeds will go toward a scholarship program at the New England Conservatory.
The edict comes as Russell Vought takes over at the Consumer Financial Protection Bureau. Vought has ordered work to halt at the consumer finance watchdog, and is cutting off new funding.
Less than 24 hours after misleading claims started circulating that tied Politico to USAID, the White House vowed to end subscriptions for the insider news outlet's services and others.
The Consumer Financial Protection Bureau is the latest target of Elon Musk's Department of Government Efficiency.
The musical diva of the Arab world is commemorated in Paris. And tariff threats have Prosecco lovers stocking up.