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
A sweeping federal tax bill that is currently under consideration in the US House of Representatives contains provisions that would significantly change the administration and enforcement of the Employee Retention Credit...more
5/21/2025
/ CARES Act ,
Coronavirus/COVID-19 ,
Employee Benefits ,
Employee Retention ,
Federal Taxes ,
Government Agencies ,
Income Taxes ,
IRS ,
New Legislation ,
Proposed Legislation ,
Tax Credits ,
Taxation ,
Trump Administration
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
Check out our summary of recent Internal Revenue Service (IRS) guidance for February 17, 2025 – March 14, 2025.
Editors’ note: With the change in presidential administrations, the IRS has undergone significant transition...more
3/17/2025
/ Employee Benefits ,
Income Taxes ,
Interest Rates ,
Internal Revenue Code (IRC) ,
International Tax Issues ,
IRS ,
Regulatory Requirements ,
Tax Credits ,
Tax Liability ,
Tax Planning ,
Tax Reform ,
Tax Returns ,
U.S. Treasury
Check out our summary of significant Internal Revenue Service (IRS) guidance and relevant tax matters for the week of January 6, 2025 – January 10, 2025....more
1/23/2025
/ Digital Assets ,
Income Taxes ,
IRS ,
Proposed Rules ,
Regulatory Agenda ,
Reporting Requirements ,
Retirement Plan ,
Tax Credits ,
Tax Planning ,
Tax Reform ,
Tax Refunds ,
Tax Returns