Check out our summary of significant Internal Revenue Service (IRS) guidance and relevant tax matters for June 18, 2025 – July 11, 2025.
“One Big Beautiful Bill Act” tax provisions -
On July 4, 2025, US President Donald...more
7/16/2025
/ Employee Retention ,
FinCEN ,
Internal Revenue Code (IRC) ,
IRS ,
Legislative Agendas ,
New Legislation ,
Opportunity Zones ,
Penalties ,
Regulatory Agenda ,
Regulatory Requirements ,
Reporting Requirements ,
Tax Credits ,
Tax Exemptions ,
Tax Reform
June 16, 2025: Billy Long was sworn in as the 51st IRS Commissioner after having been confirmed by the US Senate on June 12. Long served as a US Representative for Missouri’s 7th congressional district from 2011 to 2023. His...more
Check out our summary of significant Internal Revenue Service (IRS) guidance and relevant tax matters for May 15, 2025 – June 2, 2025....more
6/6/2025
/ Alternative Minimum Tax ,
Corporate Taxes ,
Filing Deadlines ,
Internal Revenue Code (IRC) ,
IRS ,
New Guidance ,
New Legislation ,
Proposed Regulation ,
Revenue Procedures ,
Revenue Rulings ,
Tax Court ,
Tax Rates
Check out our summary of significant Internal Revenue Service (IRS) guidance and relevant tax matters for May 2, 2025 – May 13, 2025.
IRS GUIDANCE -
May 2, 2025: The IRS issued Revenue Procedure 2025-20, providing...more
5/20/2025
/ Executive Orders ,
Income Taxes ,
Interest Rates ,
Internal Revenue Code (IRC) ,
IRS ,
New Guidance ,
New Legislation ,
Proposed Legislation ,
Revenue Procedures ,
Revenue Rulings ,
Tax Credits ,
Tax Rates ,
Tax Reform
The IRS issued Notice 2025-19, inviting the public to submit recommendations for items to include in the IRS’s 2025-2026 Priority Guidance Plan. The IRS uses the Priority Guidance Plan to identify and prioritize the tax...more
5/1/2025
/ Digital Assets ,
Disclosure Requirements ,
Executive Orders ,
Filing Requirements ,
Government Agencies ,
IRS ,
New Guidance ,
Regulatory Reform ,
Reporting Requirements ,
Rulemaking Process ,
Small Business ,
Taxation
Check out our summary of significant Internal Revenue Service (IRS) guidance and relevant tax matters for March 15, 2025 – March 28, 2025.
IRS GUIDANCE -
March 17, 2025: The IRS issued Revenue Ruling 2025-8, providing...more
The US Court of Appeals for the Federal Circuit upheld a US Court of Federal Claims ruling that Hatch-Waxman Act litigation expenses are ordinary and necessary business expenses under § 162(a) of the Internal Revenue Code,...more