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The Internal Revenue Service today announced the tax year 2026 annual inflation adjustments for more than 60 tax provisions, including the tax rate schedules and other tax changes.
View MoreIn 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.
View MoreThe Department of the Treasury and the Internal Revenue Service today issued guidance providing deposit penalty relief for the first three quarters of 2026 to remittance transfer providers.
View MoreThe Department of the Treasury and the Internal Revenue Service today issued guidance on Qualified Opportunity Zone investments in rural areas as provided for under the One, Big, Beautiful Bill.
View MoreThe Department of the Treasury and the Internal Revenue Service today issued interim final regulations and a notice of proposed rulemaking to reduce the amount of the user fee imposed on tax professionals who apply for or renew a preparer tax identification number (PTIN).
View MoreThe 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.
View MoreThe Internal Revenue Service, working with the U.S. Department of the Treasury, today announced that paper tax refund checks for individual taxpayers will be phased out beginning on Sept. 30, 2025, as required by Executive Order 14247, to the extent permitted by law.
View MoreThe Internal Revenue Service today issued guidance that provides tax relief for farmers and ranchers in applicable states and regions who sold or exchanged livestock because of drought conditions.
View MoreThe Department of the Treasury and the Internal Revenue Service today provided guidance on “no tax on tips” provision.
View MoreThe Federal Reserve recently reduced the benchmark interest rate by a quarter point and is also forecasting two more quarter-point reductions this year.
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