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States Opposing SALT Cap Argue Their Case in Federal Court
Taxation
New York, New Jersey, and Connecticut—which are fighting against a Treasury Department rule that limits their programs to…
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AICPA Writes Letter to Lawmakers on Its 2025 Tax Priorities
Taxation
AICPA sent a letter to Congressional leadership in the Senate Finance and House Ways & Means Committees. In the…
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IRS to Stay Open Amid Shutdown Threat, but Deeper Cuts Loom
Auditing
The IRS will continue operating during tax season, even if a government shutdown occurs, due to existing appropriations from…
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With Heavy Workforce Reduction, IRS Tech Upgrades Become More Imperative
Taxation
President Donald Trump's push to slash thousands of IRS enforcement jobs raises the pressure on the tax agency’s long-term…
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IRS Staff Reduction Raises Concerns Over Taxpayer Services and Guidance
Accounting
As reported by Accounting Today, IRS staffing reductions is a shift that could have major consequences for tax…
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New Bill Aims to Regulate Tax Preparers and Enhance Service Standards
Accounting
According to Accounting Today, Rep. Steve Cohen (D-TN) has reintroduced the Tax Return Preparer Accountability Act (H.R.…
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IRS Continues to Face Massive Workforce Cuts
Accounting
According to The New York Times, the IRS may be facing one of the largest workforce reductions in its history, with reports…
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IRS: Interest Rates to Stay the Same for the Second Quarter This Year
Taxation
The IRS on Mar. 6 announced interest rates will remain the same for the calendar quarter starting April 1. According to the…
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FAE’s Exempt Organizations Conference: Zachary Segal on Form 990
Accounting
For tax-exempt organizations, form 990 is more than a tax filing—it’s a vital tool for transparency and governance. At…
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