Notice 2026-1 (the Notice) provides important guidance under Section 45Q of the Internal Revenue Code of 1986, as amended (the Code), for taxpayers claiming that carbon oxides are stored in secure ...

The longest government shutdown in U.S. history is now over. The backlog of work, however, remains. As the IRS scrambles to get back to business as usual, taxpayers should expect delays. The ...

The IRS is pulling the plug on one of its most popular pilot initiatives just as millions of Americans prepare for the 2026 tax season. The Direct File program, a free, government-run tax filing ...

Forbes contributors publish independent expert analyses and insights. Robert W. Wood is a tax lawyer focusing on taxes and litigation. Many people will soon be filing their 2024 tax returns by the ...

IRS is developing a new Schedule 1-A to use to claim new deductions for tip income, overtime pay, car loan interest and new tax break for those 65 an older. IRS and Treasury give new guidance on what ...

The AICPA recommended in a letter that the IRS improve several tax forms used by estates and trusts, in keeping with an executive order mandating that federal tax payments and refunds be processed ...

The IRS continues to roll out drafts of some 2026 tax forms, including a draft of Form W-9, Request for Taxpayer Identification Number and Certification. Here’s a look at what’s new—and why it matters ...

Quick confession: This is my favorite time of year. I love all of it. In Pennsylvania, the leaves are just starting to turn colors. It’s turning cooler which means that I can open the windows and dig ...

Bloomberg Tax & Accounting released its 2026 Projected U.S. Tax Rates, which reflect slightly higher numbers as compared to 2025. Those projections include not only tax rate schedules and ...