The Treasury and the IRS issued proposed regulations to revise the threshold for when third-party settlement organizations need to perform backup withholding.

After a year of rolling policy shocks, the U.S. economy is set to get a lift from President Trump's tax-cuts package to keep the expansion on track in 2026.

The tax deduction applies to new cars assembled in the U.S. purchased from 2025 through the end of 2028.

The proposed regulations relate to the new deduction for interest paid on vehicle loans incurred after Dec. 31, 2024, to purchase new made-in-America vehicles for personal use.

Simply having a finance team with a traditional accounting skill set will not suffice in this new phase of the digital economy.

The updated framework under the OBBBA has created new opportunities for the sports and entertainment industries in rural areas and low-income urban areas.

Major tax legislation, IRS staffing issues, and plenty of client confusion promise a challenging tax season.

According to IRS Notice 2026-10, however, some other mileage rates will go down.

The Treasury and the IRS are asking that taxpayers hold off on claims until they clarify the rules.

Comments on the proposed framework are due by March 22.

The Financial Accounting Standards Board released an accounting standards update to improve its codification of standards on different topics.

The rebellion comes after Johnson blocked swing-district Republicans from having a floor vote this week on their plan for the premium tax credits.

Speaker Mike Johnson will block a push by moderate House Republicans for a vote on renewing expiring Obamacare subsidies.

With no guidance available, tax practitioners and their clients have to figure out how much risk they want to take.

Wealthy taxpayers in high-tax states like California, New York and New Jersey are the biggest winners, as are workers who collect tips or overtime, and seniors.

The House Ways and Means Committee passed three bills aimed at bolstering taxpayer rights.

The International Sustainability Standards Board issued amendments to greenhouse gas emissions disclosure requirements in IFRS S2 Climate-related Disclosures

Republicans already hit hospital finances in their massive tax and spending package this summer that included cuts to Medicaid.

The agency is also looking for feedback on the guidance by next March.

Extension battle goes on; flipping out; correcting clients' misinformation; and other highlights from our favorite tax bloggers.