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As Congressional negotiations intensify over the proposed tax-and-spending package known informally as the “One Big Beautiful Bill,” one...

In the latest twist in federal tax reform negotiations, the accounting industry is sounding the alarm over a provision that could drastically impact thousands of CPA firms and professional service providers. The AICPA , backed by 53 state CPA societies , has publicly opposed a provision in the recently passed House budget bill that would limit the state and local tax (SALT) deduction  for specified service trades or businesses (SSTBs) —including accounting, law, consulting, a

The debate over the state and local tax (SALT) deduction has resurfaced — and this time, it could hit pass-through entities (PTEs) hard....

The federal estate tax — often referred to as the “death tax” — has long been a source of tension in tax policy. While it was originally...

A newly surfaced report has revealed that over 12,200 individuals and businesses were affected by a data breach involving an IRS...

The IRS is putting a renewed spotlight on its mediation programs  as an effective way for taxpayers to resolve disputes without the cost...

Tax education is often one of the most time-consuming—and misunderstood—parts of working with clients. Whether you’re walking a small...

In a move that could reshape international tax policy , Germany has proposed a 10% tax on the digital revenues  of major online platforms operating within its borders. The announcement, made by Culture Minister Wolfram Weimer , positions Germany alongside a growing list of countries pushing back against the tax minimization strategies of global tech giants . This development comes amid rising calls in Europe for more equitable taxation of companies like Google, Facebook, Amaz

On May 28, 2025 , the California Senate took a major step toward aligning the state’s tax laws with federal tax code changes by unanimously passing a federal conformity bill  — the first such overhaul in nearly a decade. This legislation, which still needs approval from the State Assembly and Governor Newsom, aims to incorporate over 1,000 federal tax changes made since 2015  into California’s Revenue and Taxation Code. The move is expected to simplify tax compliance, reduce

The IRS has announced that federal tax refunds — averaging $3,034 this year — may coincide with Permanent Fund Dividend (PFD) ...

On Friday, May 23, 2025 , the California State Legislature abruptly shelved hundreds of proposed bills — including several aimed at...

If you're a U.S. citizen or resident alien living outside the United States, the IRS wants you to know: your 2024 federal income tax ...

In a closely contested vote, the U.S. House of Representatives approved the "One Big Beautiful Bill" on May 22, 2025, with a 215–214...

On May 21, 2025 , the U.S. Senate unanimously passed the No Tax on Tips Act , a landmark piece of legislation allowing workers in tipped...

As of May 20, 2025, House Republicans are making significant strides toward passing the comprehensive tax and spending package known as the “One Big Beautiful Bill.”  This legislation, a cornerstone of President Donald Trump's economic agenda, aims to extend key provisions of the 2017 Tax Cuts and Jobs Act (TCJA) and introduce new tax reforms. Key Provisions of the Bill The proposed legislation encompasses several major tax and policy changes: Permanent Extension of TCJA Tax

As California faces a projected $12 billion state budget deficit , two former state senators have proposed a bold and controversial...

On May 18, 2025 , House Republicans moved forward with a sweeping tax reform and spending package — unofficially titled the “One Big...

The House Ways and Means Committee recently advanced a comprehensive tax reform package, dubbed the "One Big Beautiful Bill." This...

On May 15, 2025 , the IRS officially opened the application period for its 2026 Low Income Taxpayer Clinic (LITC) grant program  — a key...

The IRS has announced that federal interest rates will remain unchanged  for the third quarter of 2025. These rates apply to tax overpayments, underpayments, and penalties  — and they play a critical role in tax planning, cash flow forecasting, and dispute resolution for both individuals and businesses. This decision, which holds the current rate levels through July 1 to September 30, 2025 , reflects the IRS’s response to stable economic indicators and inflation trends . Wha