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Planning around SSI COLAs; holiday business deductions; complex decisions of inheritance; and other highlights from our favorite tax bloggers.

The new accounting model would reflect how financial institutions manage interest rate risks in their portfolios.

Identity theft, fictitious applicants and other forms of fraud continue with the advance premium tax credit for buying health insurance.

The House approved two pieces of legislation to keep IRS agents from levying fines and penalties without supervisory approval, and to strengthen taxpayer rights in proceedings before the Tax Court.

The word "transformation" doesn't do justice to the kinds of seismic changes that have started to take root in the accounting profession over the past year.

Small businesses in particular lost a total of 120,000 jobs.

Last month brought a slight uptick in wage and job growth at small businesses, payroll company Paychex reported.

The firm, which now has more than 500 partners, said its deals practice shrank 4% and its audit unit was down 3.7%, while its tax business grew 3.4%.

A tweak to the deductibility of gambling losses may not bring in a lot of tax revenue, but it could certainly alter a lot of wagers next year.

The law requires the IRS to provide a clear explanation of tax-filing errors to taxpayers on its math error notices.

Plus, enhancements for TaxWiseOnline; EY announces EY.ai Tax Labs service; Vertex launches Configuration Agent for MS Dynamics 365; and other accounting tech news and updates.

The American Institute of CPAs has sent a letter to the Multistate Tax Commission recommending changes in a proposed approach to sourcing of partnership income.

A recently released book explains a framework for improving a company's profitability.

The IRS and the Treasury are asking for comments on regulations they plan to propose for a new tax credit for donating to organizations that give scholarships.

Grant Thornton Advisors has expanded its rapidly growing multinational platform by merging in Kevane Grant Thornton in Puerto Rico.

The American Institute CPAs, the National Association of State Boards of Accountancy and state CPA societies voiced their objections to a government proposal.

The Financial Accounting Standards Board issued a new accounting standards update aimed at improving its existing hedge accounting guidance.

Understanding the authority, eligibility criteria and automation advantages of the program will be essential for firms representing clients before the IRS.

In Notice 2025-69, the IRS and the Treasury offer clarifications and examples of how to claim the One Big Beautiful Bill Act deductions.

An inside look at the Big Four firm's brand-new space in Manhattan's Hudson Yards neighborhood.