Tax Practice News
IRS Issues Guidance for DC and States with Paid Family and Medical Leave Programs
The IRS issued guidance on the income and employment tax treatment of contributions and benefits paid in certain situations under a state paid family and medical leave program, as well as the related reporting requirements. Read more
Jan 22, 2025
When Is It Time to Start Your Own Practice?
The current landscape presents a prime opportunity for launching your own tax practice, with retiring baby boomer CPAs creating market gaps and technology reducing startup costs. Read more
Jan 21, 2025
IRS Commissioner To Step Down Before His Term Ends
IRS Commissioner Danny Werfel will step down Monday, allowing President-elect Donald Trump to move forward with his own pick for the job, former Rep. Billy Long (R-Mo.). Read more
Jan 20, 2025
Key Changes Coming to Circular 230: What Tax Preparers Need to Know
The Treasury Department and IRS are proposing significant amendments to Circular 230, marking the most substantial changes since 2014. Here's what you need to know. Read more
Jan 16, 2025
IRS, CASST Announce 2025 Filing Season Changes Aimed at Preventing Spread of Scams
The Internal Revenue Service and partners in the Coalition of Scam and Scheme Threats (CASST) today released changes for the 2025 filing season designed to help protect taxpayers from becoming victims of a scam or scheme. Read more
Jan 15, 2025
