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Throughout 2025, tax professionals managed rising workloads, tighter deadlines, and increasingly complex rules across federal, state, and global jurisdictions. Staffing shortages heightened the pressure on accuracy and documentation, making dependable technology a daily requirement rather than a long-term investment. As firms sought the top tax software for CPAs in 2025, research, preparation, reviews, and client communication relied more heavily on tools that kept teams orga

The IRS has released a new reminder encouraging taxpayers to begin organizing financial records for the 2026 filing season. Although tax year 2025 returns will not be filed until early 2026, the agency is emphasizing that advance preparation can significantly reduce filing errors, processing delays, missed deductions, and inaccurate reporting. For tax professionals, CPAs, and business owners, early preparation is not only a best practice. It is a key strategy that protects c

Bizora is pleased to announce a strategic partnership with TaxHack , an advisory firm known for its R&D tax credit expertise and technical tax support for innovation-driven businesses. This collaboration gives CPA firms, tax professionals, and advisory practices a direct, reliable path to evaluate whether their clients may qualify for the R&D credit and complete the technical work required to claim it. This partnership strengthens our value to firms by connecting AI-powered r

On November 19, Bizora’s Founder, Adam , visited the University of Southern California to train members of the USC Volunteer Income Tax Assistance (VITA) program. The goal was simple: help volunteers understand how Bizora can make tax research faster, clearer, and less stressful as they prepare for the upcoming season. USC VITA is known for its strong community impact. Every year, the program supports a wide range of taxpayers who rely on student volunteers for free, reliable

The American Institute of CPAs has formally asked the U.S. Department of the Treasury and the IRS to revise the current regulatory approach to dual consolidated losses under Regs. Section 1.1503(d) 5. This request is significant because the existing rules have long been considered one of the most complex and restrictive areas in international tax planning. The AICPA argues that the current structure discourages reasonable deductions, creates unnecessary barriers for U.S. mul

The Internal Revenue Service has released important new guidance for the 2025 tax year that affects workers who receive tip income or overtime pay. These updates come from provisions within the One Big Beautiful Bill and introduce significant planning opportunities along with new compliance responsibilities for CPAs, tax attorneys and business owners. Because these rules take effect immediately for 2025, it is important for tax professionals and employers to understand the I

State budgets across the country are entering a period of heightened uncertainty as revenue growth slows and fiscal pressures rise. Recent analysis from Fitch Ratings highlights a shift that tax professionals and business owners cannot afford to ignore. After several years of strong revenue collections and historic surpluses, many states are now preparing for a more challenging fiscal environment in 2026. Slower economic growth, uneven labor market trends, and the potential i

Tax professionals can now integrate Bizora’s AI research engine directly into their firm’s technology stack. V1.6 introduces API access, personalized workflows, and enhanced navigation, making AI-powered tax research more accessible and adaptable than ever. This release marks a significant evolution in how tax professionals interact with intelligent research tools. If V1.5  focused on transparency and deeper reasoning, V1.6 expands Bizora’s reach into new areas of your workfl

New York State is once again at the center of a major tax policy debate as Governor Kathy Hochul reviews whether to increase the state corporate tax rate. Recent reporting confirms that the Governor and her administration are evaluating a significant rate change as part of a broader effort to manage New York’s projected multiyear fiscal shortfall. For CPAs, tax attorneys and business owners throughout New York, this discussion is more than political theater. It has become a

The Internal Revenue Service has released updated retirement plan contribution limits for the 2026 tax year, and the changes will influence tax planning, business decision making and retirement readiness for millions of workers. These limits apply to 401(k) plans, 403(b) plans, most 457 plans and IRAs. Because workplace retirement plans remain one of the most powerful tax advantaged savings tools available, the new thresholds deserve careful attention from CPAs, tax attorney

The Treasury Department has signaled that significant tariff related policy changes may be on the horizon. Recent comments from Treasury Secretary Scott Bessent indicated that the administration is reviewing a potential two thousand dollar tariff dividend for qualifying families as well as several upcoming adjustments to import tariffs for widely consumed goods. While no official policy has been finalized, the signaling alone has direct implications for planning and advisory

Bizora is proud to announce a new partnership with the University of Southern California’s Volunteer Income Tax Assistance (VITA) program. This collaboration reflects our shared mission to make reliable tax help easier to access for individuals and families who need it most. The VITA program at USC plays a vital role in supporting low-income taxpayers across Los Angeles. Each year, student volunteers dedicate their time and skills to prepare free and accurate tax returns for

The Internal Revenue Service (IRS) has announced another round of workforce reductions, notifying approximately 1,400 employees of upcoming layoffs. This move adds fresh uncertainty to the agency’s already strained operational capacity. The layoffs come at a time when the IRS is still struggling to stabilize service levels and technology modernization efforts following years of attrition, budget turbulence, and evolving compliance demands. What Happened? According to the rep

Washington, D.C. is reshaping local tax policy in a historic way. On November 5, 2025, the D.C. Council voted to create the nation’s first citywide child tax credit, offering up to $1,000 per qualifying child beginning with the 2026 tax season. Alongside this major initiative, the city also announced it will decouple its local tax code from several provisions of the federal One Big Beautiful Bill Act (OBBBA). This decision represents more than just a fiscal maneuver. It refle

The IRS has announced important penalty relief measures for 2025, offering employers temporary flexibility as they adjust to new reporting requirements for cash tips and overtime pay. This update stems from the One Big Beautiful Bill Act (OBBBA) , which introduced several payroll and wage-reporting changes designed to improve transparency and compliance. While the IRS is easing penalties for the first transition year, the underlying reporting requirements remain in effect. Em

Bizora V1.5 is here, marking our biggest update to date.  Your AI tax assistant just became more intelligent, more explainable, and more collaborative than ever before. A major upgrade for tax professionals looking for more trustworthy, explainable AI tax research. This release is about more than just new features. Bizora is setting a new standard for trust and transparency in AI-powered tax research . Deep Research Mode: Think Like a Planner, Research Like a Partner  Tax re

The IRS has released Internal Revenue Bulletin 2025-45, offering long-awaited guidance on how lenders and businesses must report auto-loan interest under the tax code. While the rule may sound technical, its implications are far-reaching: for the first time, the IRS is tying vehicle financing data directly to business-use deductions, giving lenders and tax professionals new compliance obligations to manage ahead of the 2026 enforcement deadline. TL;DR: The IRS has released B

The U.S. Treasury just sent a powerful signal to the financial and tax world. In a move few anticipated, Treasury Secretary Scott Bessent praised Bitcoin as “more resilient than ever,” noting that “the network never shuts down.” For a department that has historically viewed crypto with skepticism, this marks a pivotal shift and carries major implications for tax professionals, financial planners, and business owners navigating the uncertain landscape of digital assets. This w

Halloween is more than just spooky decorations and sweet treats. It’s also a season when clients have many questions about what’s deductible and what’s simply holiday fun. Each October, CPAs find themselves advising on costumes, candy, pumpkin sales, and charitable donations, topics that mix festive cheer with complex tax rules. Sharing genuine, IRS-backed Halloween tax facts helps educate clients, protect them from costly mistakes, and showcase your expertise during this liv

Many high-income taxpayers breathed a sigh of relief when Congress raised the state and local tax (SALT) deduction cap. For a moment, it seemed like the painful limitation from the 2017 Tax Cuts and Jobs Act was easing. Unfortunately, that relief may be short-lived. A new version of the “SALT torpedo” threatens taxpayers earning between $500,000 and $600,000 with unexpected increases in their federal tax bills. The SALT torpedo occurs when deduction phaseouts, rising income,