IRS Updates

IRS UPDATES

What a Shrinking IRS Really Means for Professionals

The IRS isn’t just tightening its belt, it’s dropping sizes like it’s on a crash diet. With layoffs, leadership shakeups, and hiring freezes colder than a Chicago winter, the...

IRS UPDATES

What You Need to Know About IRS Tax Relief in West Virginia

If you’re a tax professional working in West Virginia, it’s time to take a breather, the IRS just handed out a major relief extension until November 3, 2025. This isn’t ...

IRS UPDATES

How the SEC’s Confidential Filing Expansion Impacts Your Business

Imagine gearing up for your company’s big public debut but doing it quietly behind the scenes, away from market noise and headlines. Sounds like a dream, right? Well, the SEC jus...

IRS UPDATES

IRS Tax Updates 2025 You Can’t Miss

As the 2025 tax season unfolds, the IRS has rolled out key updates that tax professionals, CPAs, and advisors must stay on top of. From enhanced digital access to tax documents to ...

IRS UPDATES

How Did the IRS Fail to Protect More Than 400K Taxpayer Data?

The IRS just admitted to a revision that more than 400,000 taxpayer records were leaked by a rogue contractor, nearly six times what they initially disclosed. And yes, if...

IRS UPDATES

IRS Finally Fixes Long-Overdue Issues for ID Theft Victims

While the IRS hits the pause button on some job offers due to a hiring freeze executive order signed by the President on January 20, 2025, there’s finally some good news for taxp...

IRS UPDATES

How Will IRS Fast-Track Settlement Simplify Tax Disputes?

If you’ve ever wrestled with tax disputes that drag on forever, here’s some news to make your day. The IRS just rolled out new pilot programs aimed at making Alternative Disput...

IRS UPDATES

IRS Tax-Time Twists Stir Up Major Changes

As we approach tax season, we see our old pal, the IRS, coming up with final rules and Roth proposals for us to keep tabs on. Recently, the IRS has introduced two major plotlines: ...

IRS UPDATES

How IRS Updates for 2025 Will Impact Tax Professionals and Filers

Taxes might not be anyone’s favorite topic, but it's worth paying attention when the IRS shakes things up. With updates ranging from ethical overhauls for tax professionals to cl...

IRS UPDATES

Is the IRS Finally Cracking Down on Digital Assets?

If you're a digital asset enthusiast—whether you're trading crypto, flipping NFTs, or exploring DeFi—brace yourself. The IRS has released a set of major updates...

IRS UPDATES

Is Crypto Staking Taxable as Income or New Property?

The IRS isn’t playing around when it comes to crypto staking. In a landmark move, the agency reaffirmed that staking rewards are taxable as soon as they hit your wallet.  Th...

IRS UPDATES

Who Qualifies for the $1400 IRS RRC 2021 Payout?

It’s not Santa, but the IRS is delivering some unexpected holiday cheers this season. Over one million taxpayers will soon receive payments of up to $1,400 as part of the 2021 Re...