Featured News
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Interest rates remain the same for Q4 2025
The IRS announced that interest rates will remain unchanged for the fourth quarter of 2025, effective Wednesday, Oct. 1.
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IRS addresses termination of several energy provisions under OBBBA
New FAQs from the IRS provide guidance on several energy credits and deductions that are expiring under the One Big Beautiful Bill Act (OBBBA) and their termination dates.
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Report: IRS should be more transparent with phone service metrics
A new report from the Treasury Inspector General for Tax Administration said the IRS should be more transparent in communicating its telephone service metrics.
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Survey: Gen Z sees AI automating 20% of their future full-time jobs
A recent survey found that half of Generation Z thinks artificial intelligence will automate more of their work, but 92% are confident in their ability to adapt to AI advancements in their fields.
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Proposed regulations would modify reporting obligations for Form 8308
The IRS issued proposed regulations that would modify partnerships’ reporting obligations for Part IV of Form 8308 concerning sales or exchanges of certain interests in partnerships owning inventory or unrealized receivables.
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Study: Small businesses that celebrate success see uptick in performance
A new study of U.S. small businesses found that celebrating wins, whether big or small, is associated with improved business outcomes and revenue.
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IRS scraps kiosks at Taxpayer Assistance Centers
The IRS is shutting down its self-service kiosk program at Taxpayer Assistance Centers after learning that several of the computer terminals were unusable.
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IRS to share Appeals case memos with taxpayers
The IRS's Independent Office of Appeals issued internal guidance reminding employees to share a copy of the Appeals case memorandum with taxpayers who make an informal request.
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AICPA unveils new QM resources ahead of Dec. 15 deadline
The AICPA unveiled new quality management (QM) resources to help firms implement the new quality management standards by Monday, Dec. 15.
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Survey: CFOs warming up to use of cryptocurrency
A recent survey of finance chiefs finds a warming sentiment for using cryptocurrency to make investments or receive payments.