The Internal Revenue Service has returned $133,000 it wrongfully seized from a South Florida teacher. Michelle Del Buono said she is both jubilant and relieved to recover the funds. “It’s like a tremendous burden off my shoulders,” Del Buono said. She received a check from the U.S. Treasury in the mail last month with interest…
Farmers and ranchers affected by drought across the country- 49 states, the District of Columbia and Puerto Rico, to be exact- may be eligible for some assistance through the Internal Revenue Service. According to a news release from the IRS Tuesday, guidance was recently issued that provides “an extension of tax relief for farmers or…
The AICPA is seeking clarification from the IRS on guidelines suggesting that tax practitioners should pass AI-related cost savings on to clients, saying that the language doesn’t appear to allow for a value-pricing model and that it overlooks the costs and risks associated with implementing the technology. The guidelines from the Office of Professional Responsibility (OPR), posted…
If you’re trying to plump up your nest egg or stretch your retirement savings, every dollar you can keep in your pocket counts. To help with that effort, the 2026 tax season arrives with a host of changes that could cut your 2025 tax bill. Read more
