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Failure of Tax Bill Could Hurt Small Business R&D
Taxation
The Senate’s failure to pass a $78 billion bill that included tax breaks for businesses and low-income families could…
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IRS and Treasury: Taxpayers Claimed More Than $8B in Clean Energy Tax Credits in 2023
Taxation
Americans availed themselves of clean energy tax credits afforded by the Inflation Reduction Act to the tune of $8 billion,…
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IRS Reminder to Tax Pros: Multifactor Authentication Now Required
Taxation
The IRS and its Security Summit partners have reminded tax professionals that using multifactor authentication to protect…
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TIGTA Finds Fault with Responsiveness of Taxpayer Advocate Services Phone Lines
Taxation
The Treasury Inspector General for Tax Administration (TIGTA) has issued a report finding that the local telephone lines of…
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Report: Undocumented Immigrants Contributed Nearly $100 Billion in Taxes in 2022
Taxation
Undocumented immigrants paid taxes amounting to $96.7 billion in 2022, including funding for government programs that they…
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Federal Appeals Court Rules Cell Phone Tax Unconstitutional
Taxation
In what one expert called "the biggest news in the communications tax world in 20 years," the U.S. Court of Appeals for the…
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Melancon Says Two Recent Supreme Court Rulings Create Uncertainty for Tax Pros
Taxation
AICPA CEO Barry Melancon commented on two recent Supreme Court cases recently, saying that they create uncertainty, which…
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Senate Republicans Stymie $78B Tax Package That Would Have Aided Businesses and Low-Income Families
Taxation
On Aug. 1, Senate Republicans blocked a $78 billion bill that included tax breaks for businesses and low-income families,…
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Senate to Vote on Tax Extender Bill This Week
Taxation
Senate Majority Leader Charles Schumer, (D-N,Y.) will put the stalled Tax Relief for American Families and Workers Act up…
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