The Internal Revenue Service has released new guidance, Rev. Rul. 2025-3, clarifying the application of Section 530 of the Revenue Act of ...

On January 10, 2025, the Internal Revenue Service (IRS) issued Notice 2025-10 and Notice 2025-11. Notice 2025-10 summarizes proposed ...

The Direct File system will be open to millions of taxpayers in 25 states, up from 12 last year. But it’s unclear what will ...

On January 10, the US Treasury Department (Treasury) and the US Internal Revenue Service (IRS) released proposed regulations under Section 45W of ...

On January 13, 2025, the U.S. Treasury Department (the “Treasury”) and the Internal Revenue Service (the “IRS”) issued proposed ...

Information Statements and IRS Returns Requirement to Report For (1) any exercise of an incentive stock option (ISO) during 2024 or ...

While President Trump's first day back in office involved many executive orders and memorandums, none addressed estate ...

Check out our summary of significant Internal Revenue Service (IRS) guidance and relevant tax matters for the week of January 6, 2025 – January ...

Plus: President Trump signs executive orders before tax season, beneficial ownership information (BOI) reporting updates, ...

The Inflation Reduction Act of 2022 introduced the Code Section 45Y production tax credit (CEPTC) for facilities that generate clean electricity ...

Final 45V rules provide important clarifications and additional flexibility which will allow many hydrogen producers to claim 45V credits, both ...

The wildfires moving through Southern California have destroyed communities and displaced countless individuals.