Tax

Only a few state governments are ready to transition out of the IRS FIRE system and into its new IRIS system next year.

Next year, the IRS will retire its FIRE e-filing system and intro its new IRIS system. Tax practitioners need to make sure their vendors are ready for the changeover.

Cryptocurrency disposals; cosmetic compliance; paper or plastic; and other highlights from our favorite tax bloggers.

Paid tax preparers can make serious errors on tax returns, according to a report from the Government Accountability Office that recommends better oversight.

A key advantage to partnering with a wealth management firm is gaining a complete view of each client's financial picture.

Thomson Reuters previewed its latest CoCounsel AI agent as a fully autonomous assistant that can deliver a work product it described as "human-level."

Democrats clearly see an opening, with Trump acting to launch a new 15% global tariff to replace the tariffs the Supreme Court struck down.

The IRS and the Treasury released interim guidance on a special depreciation allowance for qualified production property under the One Big Beautiful Bill Act.

TIGTA found that thousands of the IRS's new hires in 2024 did not receive equipment or performance expectations in a timely manner.

The Supreme Court's nixing of President Trump's "reciprocal" tariffs is throwing fresh confusion over the raft of trade deals negotiated by global partners.