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The state of Maryland has become the latest to sign up for the IRS Direct File program for filing season 2025, offering residents a free way to file their taxes.

The program has been used internally and is now available for non-audit clients for Pillar Two and U.S. international tax calculations.

Investments in solar installations made are expected to fund the generation of close to 2 billion kilowatt hours of clean electricity each year in underserved places.

Find out more about the latest guidance and procedure changes out of the IRS and what they mean for the industry at large.

While small businesses still primarily use accounting software to record and manage transactions, the percentage using paper actually increased

Revenue Procedure 2024-34 expands the waiver of the eligibility rules to accounting method changes.

The Internal Revenue Service is ramping up its scrutiny of large partnerships, leveraging increased funding under the Inflation Reduction Act of 2022.

Tax professionals are calling for changes to the proposal, even though they welcome clarifications they have been waiting on for decades.

Microsoft researchers believe they have found a way to overcome the traditional challenges generative AI large language models have had with using spreadsheets.

Hourly earnings growth for workers at small businesses dropped to 2.89% in August, Paychex reported Tuesday, the first time growth has been under 3% since January 2021.

Transfer pricing, Pillar Two, GLAM and more are important considerations.

The Treasury Department directed the IRS not to use any additional Inflation Reduction Act funds to increase audits on small businesses or households earning less than $400,000.

Olli Zeidler was one of 10 Deloitte professionals who competed at the 2024 Olympics and Paralympics.

The IRS has received over 800 project proposals seeking over $40 billion in credits.

The company was hit with a $24 million penalty as a result of an accounting scheme designed to inflate earnings.

TIGTA recommended that the IRS review its procedures for examining for large complex taxpayers.

Property owners, entrepreneurs and parents can tap into savings available through credits, deductions and exemptions during the sunny season.

The IRS is pushing back filing and payment deadlines for those impacted by the storm on all four islands.

In 2023, 179,000 notices of federal tax lien were filed, down roughly 84% from the high in 2010 of nearly 1.1 million.