IRS Temporarily Simplifies Auto Loan Interest Reporting Rules

The Internal Revenue Service is giving auto lenders some breathing room on new reporting rules tied to the "One Big Beautiful ...
National Law Review

IRS Issues Roth Catch-Up Contribution Rules for Highly Paid Participants

On September 16, 2025, the Internal Revenue Service (IRS) released a final regulation providing guidance on how plan sponsors should implement a requirement under the SECURE 2.0 Act for catch-up ...
The Tax Adviser

R&D tax credits: A new era of disclosure and documentation

The IRS’s increased documentation requirements for Sec. 41 claims require taxpayers to specifically identify applicable business components and their costs and why their development is qualified ...
The Tax Adviser

Estate of McKelvey highlights potential tax pitfalls of variable prepaid forward contracts

A taxpayer’s extension of variable prepaid forward contracts resulted in a constructive sale and a termination of obligations that gave rise to taxable gain, the Tax Court held.
Soy Aire on MSN

IRS issues reminder of December 31 deadline

IRS reminds tax preparers to renew PTINs by December 31 to maintain status and avoid interruptions in preparing federal tax ...
NerdWallet

Underpayment Penalty: What It Is, How to Avoid It

Taxpayers who don’t pay their full tax bill by the filing deadline are subject to a 7% underpayment interest fee, among other penalties. Many, or all, of the products featured on this page are from ...