Tax

The fact that many financial advisors say they do not provide tax planning belies how much value they may add through that service, according to an expert.

Notice 2025-55 provides relief in connection with the new excise tax imposed on certain remittance transfers under the One Big Beautiful tax bill. 

At the Internal Revenue Service, which sits within the Treasury Department, the administration plans to fire about 1,300 workers.

Just forgot; no trust at all; Exterior design; and other highlights of recent tax cases.

Rev. Proc. 2025-32 from the Internal Revenue Service detailed a number of changes, including a rise in the standard deduction to $32,200 for married couples filing jointly.

The Internal Revenue Service is taking steps to make sure taxpayers and tax preparers can reflect OBBBA changes in 2025 tax returns.

The remaining 39,870 staff will work on preparing for next year's filing season, modernizing the agency and implementing President Trump's new tax law.

Preparations for next tax season look likely to continue, even as the Internal Revenue Service began furloughing almost half its workforce.

Shutdowns and tax obligations; 529 money and the CPA exam; gig questions; and other highlights from our favorite tax bloggers.

A tax specialist at the department, Derek Theurer will take over the deputy secretary duties of Michael Faulkender, who left in August.

Tax preparers and accountants will face issues old and new as they start filing next year.

The Internal Revenue Service named Jarod Koopman as its acting chief tax compliance officer.

The commissioner of the Social Security Administration, Frank Bisignano, has been named to a dual role as CEO of the Internal Revenue Service, a new position.

The Internal Revenue Service issued guidance on the corporate alternative minimum tax in response to comments it received.

The Internal Revenue Service was able to steer through this past tax season despite extensive cuts, but next season could be a problem, according to a new report.

The American Institute of CPAs is urging the federal government to keep all Internal Revenue Service employees working for the duration of the shutdown.

The IRS is looking for help for its VITA and TCE programs — no tax experience required!

Loan wolf; collection plate; Tony who?; and other highlights of recent tax cases.