Accounting News

Most people use their HSA like a medical debit card, but the account is capable of much more. With a rare triple tax advantage and flexible reimbursement rules, the HSA […]

Authored by Aprio Summary: Tax season demands immense focus and increased pressure. Unfortunately, this intensity can leave business leaders, and their employees open to fraud exposure. AI has upgraded tax […]

For many taxpayers, interacting with the IRS has traditionally meant long wait times on the phone. In recent years, however, the IRS has expanded its digital tools to make tax […]

Estate planning discussions have long centered around one headline number: the federal estate tax exemption. As of 2026, that number is $15 million per person. But focusing solely on whether […]

Authored by RMS US Executive summary On Nov. 25, 2025, the IRS released Notice 2025-72, announcing its intent to issue proposed regulations and providing interim guidance that taxpayers may rely […]

A new federal requirement will eliminate most paper checks for tax payments and refunds starting with 2025 returns. Here’s what this transition to electronic payments means, how refunds will be […]

The revised instructions address changes to the treatment of §174A domestic research expenditures and align with prior IRS guidance and clarifications on reporting requirements. […]

The IRS has introduced a new federal income tax deduction for qualified overtime compensation, effective for tax years 2025 through 2028. Eligible workers can deduct up to $12,500 (or $25,000 […]

S-corporations are one of the most frequently discussed (but often misunderstood) tax structures for small business owners. While they can offer real savings on self-employment taxes, the benefits aren’t automatic […]

Car loan interest deduction, OBBBA and IRS proposed rules—learn who qualifies, income limits, vehicle requirements and what it means for taxpayers. […]

RSM US outlines IRS guidance in Notice 2026-11 on restored 100% bonus depreciation and key timing and eligibility rules. […]

The IRS recently issued new guidance clarifying how the permanent 100% bonus depreciation deduction will work moving forward. This allows businesses to fully deduct the cost of qualified property in […]