The IRS has issued transitional guidance to auto lenders required to report certain vehicle loan interest for 2025. Under the One Big Beautiful Bill Act, i...
In certain circumstances, investors may be able to deduct losses from theft. To be deductible, the loss must not be reimbursed, such as through insurance. ...
October is National Cybersecurity Awareness Month, a time when the IRS and its Security Summit partners remind us about best practices for protecting perso...
When the federal government shutdown began on Oct. 1, 2025, the U.S. Tax Court announced it would remain open, at least for a limited time. But that time h...
Recently, Sen. Bernie Moreno (R-OH) introduced a bill that could subject some U.S. businesses to a new tax. The Halting International Relocation of Employm...
The cutoff date for purchasing or leasing a new electric vehicle (EV) to take advantage of the $7,500 EV tax credit was Sept. 30, 2025. But General Motors ...
Taxpayers involved in a dispute with the IRS may want to consider using one of the IRS’s alternative dispute resolution (ADR) mediation programs. These p...
The IRS’s contingency plan called for it to remain open and fully staffed (funded by Inflation Reduction Act money) for at least the first five business ...
Members of the U.S. Senate Finance Committee recently met to discuss ongoing issues with the federal tax treatment of digital assets. Both Republicans and ...
For federal tax purposes, proceeds from legal settlements are generally included in taxable income unless specifically excluded by law, such as those for p...
