Tax News from Accounting Today

Gary Shapley and Joseph Ziegler reached settlements with the IRS and the Justice Department, and their lawsuit against Biden's attorney was dismissed by a judge.

Video game developers are benefiting from research and development tax credits and recent changes in the rules for deducting R&D expenses.

The expiration of premium tax credits for health insurance could lead to hundreds of thousands of job losses and billions in reductions to state revenues.

The Trump administration's tax bill has created the opportunity to deduct domestic R&E expenses

Accountants who advise private equity clients will want to be aware of what these mean for private equity sponsors and their portfolio companies.

A review of over 800 calls found that the overwhelming majority of phone interactions with Internal Revenue Service reps were courteous and professional.

Shutdowns and tax obligations; 529 money and the CPA exam; gig questions; and other highlights from our favorite tax bloggers.

Despite the government shutdown, the IRS is reminding taxpayers and tax professionals that 2024 tax returns that were put on extension are still due.

Taxpayer Advocate Erin Collins warns about the potential downsides for some taxpayers of the IRS moving entirely to electronic payments.

The fact that many financial advisors say they do not provide tax planning belies how much value they may add through that service, according to an expert.

Notice 2025-55 provides relief in connection with the new excise tax imposed on certain remittance transfers under the One Big Beautiful tax bill. 

Just forgot; no trust at all; Exterior design; and other highlights of recent tax cases.

Rev. Proc. 2025-32 from the Internal Revenue Service detailed a number of changes, including a rise in the standard deduction to $32,200 for married couples filing jointly.

The Internal Revenue Service is taking steps to make sure taxpayers and tax preparers can reflect OBBBA changes in 2025 tax returns.

Preparations for next tax season look likely to continue, even as the Internal Revenue Service began furloughing almost half its workforce.

Employee benefit planners need to be thinking about the OBBBA and other Trump administration initiatives.

Shutdowns and tax obligations; 529 money and the CPA exam; gig questions; and other highlights from our favorite tax bloggers.

Tax preparers and accountants will face issues old and new as they start filing next year.

The Internal Revenue Service named Jarod Koopman as its acting chief tax compliance officer.

The commissioner of the Social Security Administration, Frank Bisignano, has been named to a dual role as CEO of the Internal Revenue Service, a new position.