Category Archives: Tax News

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Date to start filing season not set despite IRS commissioner’s comment

Category:Tax News

Commissioner Billy Long said last week that the next filing season would start around Presidents Day, but the IRS said Tuesday that it has not set a date.


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Wipfli partners with private equity for the latest top 25 firm deal

Category:Tax News

The already growing firm agrees to a “significant minority investment” from New Mountain Capital, an active player in the growing world of private-equity investment activity among large firms.


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IRS includes several AICPA recommendations in corporate AMT interim guidance

Category:Tax News

In a notice issued Tuesday, the IRS said it intends to partially withdraw proposed regulations and issue revised proposed regulations.


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The case for outsourcing: 3 ways to win

Category:Tax News

While some organizations take a quick glimpse at outsourcing and conclude that it’s not a viable option, those that look closer often unearth alternative uses that can bring value.


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FASB updates guidance on measurement of credit losses

Category:Tax News

The optional guidance aims to address concerns shared by private company shareholders related to the cost and complexity of measuring credit losses for accounts receivable and contract assets.


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AICPA supports bill that lets married domestic violence victims file taxes as single

Category:Tax News

The bill would empower survivors of domestic abuse or spousal abandonment to file taxes without contacting their abuser.


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New commissioner confident IRS can implement OBBBA’s tax provisions

Category:Tax News

Commissioner Billy Long explained his management philosophy at the 2025 Tax Summit of the National Association of Enrolled Agents, where he said IRS employees will be able to implement the OBBBA’s tax provisions.


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Dealing with natural disasters: How to avoid fraudulent activities

Category:Tax News

More than one-third of Americans have been the victim of fraudulent activities after being personally or professionally affected by a natural disaster, according to a Harris Poll conducted on behalf of the AICPA.


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IRS staff cuts could put burden on practitioners to explain OBBBA

Category:Tax News

A retired IRS communications executive told the AICPA’s Town Hall that employees will be challenged to explain tax changes in the massive law.


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Dealing with natural disasters: IRS relief efforts leave some wanting

Category:Tax News

How can the IRS best assist victims of natural disasters? The AICPA asked victims how long they had to wait for assistance and asked CPAs the best courses of action.