September 29, 2025
The 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).
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September 23, 2025
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.
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September 23, 2025
The 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.
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September 22, 2025
The 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.
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September 19, 2025
The Department of the Treasury and the Internal Revenue Service today provided guidance on “no tax on tips” provision.
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September 17, 2025
The 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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September 17, 2025
The Tennessee Department of Revenue has updated its tax manual for bars and restaurants.
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September 17, 2025
The National Association of State Boards of Accountancy (NASBA) and the American Institute of CPAs (AICPA) today released for public comment an exposure draft of proposed changes to the Statement on Standards for Continuing Professional Education (CPE) Programs (Standards).
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September 16, 2025
The AICPA Professional Ethics Executive Committee (PEEC) recently released new guidance in the AICPA Code of Professional Conduct.
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September 15, 2025
The Department of the Treasury and the Internal Revenue Service today issued final regulations addressing several SECURE 2.0 Act provisions relating to catch-up contributions.
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