January 8, 2026
The Department of the Treasury and the Internal Revenue Service today issued proposed regulations that would revise the threshold for when certain third-party settlement organizations are required to perform backup withholding to comply with changes made in the One, Big, Beautiful Bill.
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January 8, 2026
The Internal Revenue Service announced Monday, January 26, 2026, as the opening of the nation’s 2026 filing season.
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December 31, 2025
The Department of the Treasury and the Internal Revenue Service today provided guidance on the “No Tax on Car Loan Interest” provision enacted under the One, Big, Beautiful Bill.
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December 29, 2025
The Internal Revenue Service today announced that the optional standard mileage rate for business use of automobiles will increase by 2.5 cents in 2026, while the mileage rate for vehicles used for medical purposes will decrease by half a cent, reflecting updated cost data and annual inflation adjustments.
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December 23, 2025
The IRS recently updated frequently asked questions (FAQs) regarding changes to the limitation on the deduction for business interest expense (Fact Sheet 2025-09) and the Premium Tax Credit (Fact Sheet 2025-10) under the One Big Beautiful Bill (OBBB).
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December 23, 2025
The Tennessee Department of Revenue has updated several tax manuals.
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December 19, 2025
The Department of the Treasury and the Internal Revenue Service today provided guidance for taxpayers claiming the tax credit for carbon capture and sequestration, which was expanded and modified in the One, Big, Beautiful Bill.
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December 18, 2025
The U.S. Court of Appeals for the 11th Circuit recently upheld in National Small Business United, et al. v. U.S. Department of the Treasury, et al. that the Corporate Transparency Act (CTA) is a constitutional exercise of Congress’ power under the Commerce Clause of the U.S. Constitution.
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December 17, 2025
The U.S. Senate recently passed H.R. 1491, the Disaster Related Extension of Deadlines Act, which requires the IRS to treat the postponement of the federal tax return deadline due to a federally declared disaster or certain other events as an extension for purposes of calculating the limit on a tax refund.
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December 15, 2025
The Financial Accounting Standards Board (FASB) today announced the availability of the 2026 GAAP Financial Reporting Taxonomy (GRT), the 2026 SEC Reporting Taxonomy (SRT), and the 2026 GAAP Employee Benefit Plan Taxonomy (EBPT).
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