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IRS Faces Potential Layoffs Amid Tax Season, Raising Concerns
Accounting
Despite previous assurances that buyouts and layoffs would not take effect until after tax season, the IRS is reportedly…
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House Passes Bill to Extend BOI Reporting Deadline
Taxation
The U.S. House of Representatives unanimously passed the Protect Small Businesses From Excessive Paperwork Act of 2025 (H.R.…
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IRS Buyout Plan Delayed for Tax Season Workers
Accounting
The Associated Press reports that the IRS has informed employees that those involved in the 2025 tax season will not be…
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GAO: IRS Needs to Improve Compliance With Anti-Gag Provision Requirements
Taxation
A report by the Government Accountability Office (GAO) found that the IRS has guidance that references…
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AICPA Urges IRS to Reduce Foreign Filing Burden for Tax-Exempt Organizations
Taxation
CPA Practice Advisor reports that the AICPA has requested that the IRS and the Treasury Department ease foreign filing…
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GAO: IRS Continues to Have Timeliness Issues With Its Live Service Despite Improvements
Taxation
Although the IRS has implemented improvements to its customer service and systems, a U.S. Government Accountability Office…
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Scott Bessent Confirmed as Treasury Secretary Amid Expiring Tax Cut Challenges
Taxation
According to a report by CPA Practice Advisor, Scott Bessent has been confirmed as Treasury Secretary by a 68-29 Senate…
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IRS Faces Hiring Freeze and Revoked Job Offers as Tax Season Begins
Taxation
The IRS is navigating tax season under a federal hiring freeze imposed through an executive order by President Donald Trump…
Read More
Supreme Court Lifts CTA Injunction, but Enforcement Remains on Hold
Taxation
The U.S. Supreme Court has lifted a nationwide injunction on the Corporate Transparency Act (CTA), which mandates businesses…
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