IRS News

Georgia’s Homestead Tax Exemption: Local Opt-Outs Create a Complex DivideGeorgia’s Homestead Tax Exemption: Local Opt-Outs Create a Complex Divide

Georgia’s Homestead Tax Exemption: Local Opt-Outs Create a Complex Divide

Georgia's recent voter-approved Local Option Homestead Property Tax Exemption Amendment, designed to limit property tax assessment increases, has encountered significant… Read More

2 weeks ago
South Carolina’s Flat Tax Ambition: Opportunity and a Pitfall for Low-Income EarnersSouth Carolina’s Flat Tax Ambition: Opportunity and a Pitfall for Low-Income Earners

South Carolina’s Flat Tax Ambition: Opportunity and a Pitfall for Low-Income Earners

South Carolina lawmakers are rightly pursuing tax reform to enhance the state's economic appeal and benefit its residents. A unified… Read More

3 weeks ago
IRS Proposes New Rules for Tax ProfessionalsIRS Proposes New Rules for Tax Professionals

IRS Proposes New Rules for Tax Professionals

The Treasury Department and the Internal Revenue Service (IRS) have issued proposed regulations to modernize the rules governing tax professionals.… Read More

4 months ago
Louisiana’s Pro-Growth Tax Reform: A Step in the Right DirectionLouisiana’s Pro-Growth Tax Reform: A Step in the Right Direction

Louisiana’s Pro-Growth Tax Reform: A Step in the Right Direction

Louisiana has made significant strides in tax reform, adopting a pro-growth tax package during a special session. This move positions… Read More

5 months ago
Trump Nominates Former Congressman Billy Long as IRS CommissionerTrump Nominates Former Congressman Billy Long as IRS Commissioner

Trump Nominates Former Congressman Billy Long as IRS Commissioner

President-elect Donald Trump has announced plans to nominate former Missouri Congressman Billy Long as the next commissioner of the Internal… Read More

5 months ago
IRS Extends Deadline for ERC Claim CorrectionsIRS Extends Deadline for ERC Claim Corrections

IRS Extends Deadline for ERC Claim Corrections

The Internal Revenue Service (IRS) has extended the deadline for third-party payers to use the consolidated claim process to correct… Read More

5 months ago
IRS Extends Deadline for 1099-K Reporting Threshold: A Relief for TaxpayersIRS Extends Deadline for 1099-K Reporting Threshold: A Relief for Taxpayers

IRS Extends Deadline for 1099-K Reporting Threshold: A Relief for Taxpayers

The Internal Revenue Service (IRS) has once again delayed the implementation of the $600 reporting threshold for Form 1099-K, providing… Read More

5 months ago
Elevating Tax Departments: The Power of TechnologyElevating Tax Departments: The Power of Technology

Elevating Tax Departments: The Power of Technology

Elevating Tax Departments: The Power of Technology Corporate tax departments are under immense pressure. A shrinking talent pool and increasingly… Read More

5 months ago
IRS Tax Form 1098-T: A GuideIRS Tax Form 1098-T: A Guide

IRS Tax Form 1098-T: A Guide

What is Form 1098-T? IRS Form 1098-T is a document issued by your U.S. school to report the amount you… Read More

8 months ago