Tax News

The U.S. Senate recently passed the Internal Revenue Service Math and Taxpayer Help Act, H.R. 998. Among other changes, the bill requires the IRS to provide taxpayers with specific information on notices related to a math or clerical error. Approved by the House earlier this year, the bill now goes to President Donald Trump for his […]

https://www.irs.gov/newsroom/treasury-irs-provide-transition-relief-for-2025-for-businesses-reporting-car-loan-interest-under-the-one-big-beautiful-bill  

https://www.irs.gov/newsroom/irs-releases-tax-inflation-adjustments-for-tax-year-2026-including-amendments-from-the-one-big-beautiful-bill

In a notice to employees posted on its website, the IRS announced it began an agency-wide furlough on Oct. 8, 2025, and that most of its operations have closed due to the federal government shutdown. The IRS updated its contingency plan on the evening of Oct. 8, sharing that from Oct. 8 through April 30, 2026, 53.6% of the

https://www.irs.gov/newsroom/treasury-irs-provide-penalty-relief-for-remittance-transfer-providers-who-fail-to-deposit-excise-tax-under-the-one-big-beautiful-bill

https://www.irs.gov/newsroom/treasury-irs-provide-guidance-for-opportunity-zone-investments-in-rural-areas-under-the-one-big-beautiful-bill

https://www.irs.gov/newsroom/treasury-irs-issue-regulations-to-reduce-the-amount-of-the-user-fee-for-tax-professionals-who-apply-for-or-renew-a-ptin

The IRS recently released Notice 2025-54, providing that the special per diem rates by which taxpayers may substantiate ordinary and necessary business expenses of travel starting Oct. 1 will remain the same as the previous year. Generally, a payer may consider substantiated for federal tax purposes an employee’s expenses incurred for employment-related travel in an amount

https://www.irs.gov/newsroom/irs-to-phase-out-paper-tax-refund-checks-starting-with-individual-taxpayers

https://www.irs.gov/newsroom/irs-extends-relief-to-farmers-and-ranchers-affected-by-drought-in-49-states-other-regions