Tax

It's time to start talking to clients about changes to the Tax Cuts and Jobs Act and much, much more.

The Internal Revenue Service is starting to give taxpayers access to the memo from IRS Appeals Officers about why a decision was made for or against them.

The Internal Revenue Service needs to do more to raise awareness of the adoption tax credit and plans to conduct more outreach, according to a new report.

The poorest 10% of households will lose an average of $1,200 in resources per year, while households in the highest 10% of incomes will see about a $13,600 boost in resources. 

Even the wonkiest experts are struggling to keep up with the latest macroeconomic data. Here are the key factors to watch in the coming months.

President Trump has removed Billy Long as commissioner of the Internal Revenue Service in the latest sign of turmoil at the embattled agency.

Treasury Secretary Bessent will serve as acting commissioner, as President Trump plans to nominate Long for an ambassadorship.

The One Big Beautiful Bill Act is sparking questions among employees and payroll departments about how to handle tax breaks such as overtime pay.

If businesses focus solely on the size of the tariffs — and where they land — they'll miss a profound challenge and opportunity that this moment presents.

The move will enlarge refunds paid out to taxpayers early next year, ahead of the midterm congressional elections in November 2026.