They received a letter specifying May 15 as the date key positions are eligible. Employees at the Internal Revenue Service received notice last week informing them that they…
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President Trump Announces Task Force to Address Anti-Christian Bias
He signed an executive order to the effect after attending the National Prayer Breakfast on Thursday. President Donald Trump announced at the National Prayer Breakfast on Thursday morning…
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FTC Finalizes Settlement with H&R Block Over Unfair Practices
The tax prep company was ordered to repay $7 million to customers, downgrade processes, and improve transparency. The Federal Trade Commission (FTC) finalized a settlement requiring H&R Block…
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IRS Releases Final Rules for Hydrogen Production Tax Credit
Clarifies wage and apprenticeship standards for Regional Clean Hydrogen Hubs program participants. The Internal Revenue Service (IRS) released its final rules for its Clean Hydrogen Production Tax Credit,…
Read MoreGroup of Senators Launch Inquiry into IRS Commissioner Nominee
They request information from CEOs on potential pandemic program fraud. Senator Ron Wyden of Oregon, who serves as chair of the Senate Finance Committee, and Senator Catherine Cortez…
Read MoreIRS Releases Guidances for Clean Energy Tax Credits
Expands program to include co-owned and co-invested projects. The Internal Revenue Service (IRS) recently finalized its expansion to clean energy tax credits, allowing co-owners and co-investors in clean…
Read MoreIRS Outlines Inflation-Adjusted Deductions for 2025 Tax Year
The standard deduction rises up to $15,000 for single and $30,000 for married taxpayers. The Internal Revenue Service (IRS) updated its standard deductions for U.S. taxpayers in 2025,…
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IRS Releases Final Rule for Clean Energy Manufacturing Tax Credit
The agency clarifies incentives for domestic solar and wind energy component production. The Internal Revenue Service (IRS) has released its final rules for manufacturing companies applying for tax…
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Nearly Half of States to Participate in IRS’ Direct File in 2025
The free online service will be available to more than 30 million in 2025. The Internal Revenue Service (IRS) announced that over 30 million taxpayers are eligible for…
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Treasury Proposes Minimum Tax Rate for Billion Dollar Companies
The department would implement a 15 percent standard. The Treasury Department announced that it is considering a new tax policy that would require a 15 percent minimum profit…
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