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Emma Slack-Jorgensen
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Treasury Department, IRS Publish Final Rules Expanding Clean Energy Tax Credit Access
Taxation
The Treasury Department and the IRS released final regulations to assist certain entities co-owning clean energy projects…
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Tax Interest Rates Set to Dip in the First Quarter of 2025
Taxation
On Nov. 18, the IRS announced that interest rates will decrease for the calendar quarter starting Jan. 1, 2025. For…
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FinCEN Official Provides BOI Update in AICPA Town Hall
Accounting
According to the Journal of Accountancy, the Financial Crimes Enforcement Network (FinCEN) has received only a tiny portion…
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IRS Issues Final Regulations on the Sale of Property the Agency Seizes by Levy
Taxation
The IRS released final regulations on Nov. 4 on the sale of a taxpayer’s property that the agency seizes by levy. The…
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IRS Budget Could Be on Chopping Block Under Republican Administration
Taxation
The IRS might face deep cuts in its budget given President-elect Donald Trump's win on Nov. 5. Accounting Today reported that…
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What the Republican Win Means for Tax and Accounting Professionals
Accounting
Donald Trump won the Nov. 5 election, and Republicans gained control of the Senate and likely the House of Representatives.…
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2024 Election Results Will Have Historic Impact for Tax Professionals
Taxation
The 2024 election's impact on taxation is considerable. According to Accounting Today, Nick Gibbons, a partner at Armanino,…
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Lawmakers Ask DOJ to Take Action Against Major Tax Preparers for Illegal Sharing of Data
Taxation
Thomson Reuters reported that Democrat lawmakers have called for the Department of Justice (DOJ) to look into the data…
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IRS Direct File Program’s Success Relies on State Participation More Than Election Results
Taxation
Bloomberg Tax reported that the IRS is relying on states to make the Direct File program, its free online tool for filing…
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