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NTA Calls On Congress To Protect Taxpayers In Wake Of Supreme Court Decision
Congress needs to do more to protect taxpayers in the wake of the Supreme Court’s decision in the Commissioner of the Internal Revenue Service v. Zuch, National Taxpayer Advocate stated in a recent ...

IRS Provides Interim Guidance on Qualified Production Property (Notice 2026-16; IR 2026-25)
The IRS has provided interim guidance addressing the special 100 percent bonus depreciation allowance for qualified production property enacted by the One Big Beautiful Bill Act (OBBBA) (P.L. 119-21)....

IRA Amendment Deadline Extended to 2027 for SECURE 2.0 Compliance (Notice 2026-09)
The Treasury Department and the IRS have extended the deadline for amending individual retirement arrangements (IRAs), SEP arrangements, and SIMPLE IRA plans to comply with the SECURE 2.0 Act of 2022....

IRS Responds to FAQs on Modernizing Payments to Counter Fraud, Inefficiency and More (FS-2026-2; IR 2026-13)
The IRS issued answers to frequently asked questions (FAQs) about the implementation of Executive Order 14247, Modernizing Payments to and from America’s Bank Account. The order described advancing ...

IRS Urges Taxpayers to Create an Individual Online Account for Security and Convenience (IR 2026-21)
The IRS has encouraged all taxpayers to create an IRS Individual Online Account to access tax account information securely and help protect against identity theft. It emphasized that this digital re...

How Do I? Get back start-up expenses in starting a business as quickly as possible
The American Jobs Creation Act of 2004 (2004 Jobs Act) changed the rules for start-up expenses in both favorable and unfavorable ways. Start-up expenditures are amounts that would have been deductible...

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