In late 2024, the Internal Revenue Service (IRS) introduced Form 15620 to provide a standardized mechanism for taxpayers to make elections ...

The IRS has published its Internal Revenue Bulletin. The bulletin includes: 1) Announcement 2025-20, announcing the OPR’s recent disciplinary sanctions; 2) Rev. Proc. 2025-24, providing specifications ...

In our latest Ask the Editor round-up, Joy Taylor, The Kiplinger Tax Letter Editor, answers questions on new tax deductions ...

President Trump signed H.R. 1, popularly known as the “One Big Beautiful Bill Act” (OBBBA) into law on July 4, 2025. In this ...

The qualified small business stock (QSBS) rules can be a powerful tax planning tool, and, following the recent enactment of a ...

With the passage of the One Big Beautiful Bill (OBBB), below is a summary of notable changes to the tax code for businesses, as well as an outline ...

A bill that would substantially expand solar and home improvement financing requirements is making its way through the California ...