TAX NEWS
- The IRS issued proposed regulations that would modify partnerships’ reporting obligations for Part IV of Form 8308 with respect to sales or exchanges of certain interests in partnerships owning inventory or unrealized receivables.
- National Taxpayer Advocate Erin Collins wrote Tuesday in her blog that the IRS reminder of the language in the Internal Revenue Manual is a “meaningful step toward transparency."
- Long said Friday on X that he’s leaving the IRS and instead will be nominated to be ambassador to Iceland.
- The IRS announced Thursday that it is delaying changes to certain information returns, withholding tables, and reporting and withholding procedures until tax year 2026 “to avoid disruptions.”
- In its letter, the AICPA said small businesses that have not filed returns for the 2024 filing period face uncertainty about how to treat domestic research and experimental expenditures.
- Commissioner Billy Long said last week that the next filing season would start around Presidents Day, but the IRS said Tuesday that it has not set a date.
- In a notice issued Tuesday, the IRS said it intends to partially withdraw proposed regulations and issue revised proposed regulations.
- The bill would empower survivors of domestic abuse or spousal abandonment to file taxes without contacting their abuser.
- Commissioner Billy Long explained his management philosophy at the 2025 Tax Summit of the National Association of Enrolled Agents, where he said IRS employees will be able to implement the OBBBA’s tax provisions.
- A retired IRS communications executive told the AICPA’s Town Hall that employees will be challenged to explain tax changes in the massive law.
- New IRS enforcement efforts highlight risks for self-employed landscapers and lawn care crews who often rely on cash payments.
- Speculation's rife over when tax season 2025 will open, but experts say that's just a distraction. Bottom line: it's coming. How to prepare now.
- What are pass-through entity taxes, how have they changed, and why is planning in this space important for some types of businesses? We checked in with three local attorneys to find out.
- The changes Louisiana lawmakers made to state tax policy last fall will reduce the overall burden on most households by double-digits compared with prior sales and income tax rates, according to a …
- The IRS is encouraging taxpayers to get an identity protection PIN (IP PIN). An IP PIN is a six-digit number that helps prevent thieves from filing federal tax returns in your name.
- You may have heard that earlier this year, President Trump nominated former Missouri Congressman Billy Long to be IRS Commissioner. Long was finally confirmed by the U.S. Senate on June 12. That was …
- The IRS has announced potential for larger tax refunds starting in 2026, following the recent enactment of the 'One Big Beautiful Bill Act' by President Donald Trump. This legislation introduces …
- Tax experts warn that both casual bettors and high rollers could face unexpected tax bills under increased IRS scrutiny in 2025.
- The IRS issued new rules which would try to keep wind and solar companies from claiming federal tax breaks. President Trump’s budget bill already phases out tax credits for new wind and solar farms …
- The Internal Revenue Service (IRS) has officially announced that standard tax forms and withholding tables will remain unchanged for the 2025 tax year, despite the recent enactment of the One Big, …