In September 2025, the Treasury Inspector General for Tax Administration (TIGTA) issued a report on Collection Due Process (CDP) hearings. A CDP hearing al...
Investors willing to make long-term investments in economically distressed communities have a tax incentive for doing so: the Qualified Opportunity Zone (Q...
With increasing attention on tariffs, confusion is also rising. Consumer Affairs, a nongovernment consumer advocacy group, warns that scammers are seeking ...
IRS Form 1099-DA is a new tax form to be used by brokerage companies to report clients’ digital asset transactions, such as cryptocurrency and nonfungibl...
The American Rescue Plan Act (ARPA) of 2021 temporarily expanded the Child Tax Credit. For that year, low-income families were given access to the full amo...
The IRS reminded taxpayers that paper tax refund checks for individuals will be phased out beginning Sept. 30, 2025. The tax agency will publish detailed g...
Taxpayers who are in business to make a profit can generally deduct related expenses. The burden of proving a profit motive is on the taxpayer. Otherwise, ...
The IRS has released new 2025–2026 special per diem rates for ordinary and necessary business expenses incurred when traveling away from home. The guidan...
One tax provision made permanent by the One Big Beautiful Bill Act (OBBBA) is the availability of the Low-Income Housing Tax Credit (LIHTC). According to t...
On Sept. 22, 2025, the U.S. Treasury Dept. updated the public on its IRS IT modernization initiatives. The goals are to improve taxpayer services, enhance ...
