Trump has filed a $10B lawsuit against the U.S. Treasury and the #IRS, alleging damages tied to the unauthorized disclosure of #tax return information by an IRS contractor.
The #IRS has issued Notice 2026-11, which announces the agency's intent to issue proposed regulations on bonus depreciation, as modified by the OBBBA. Among other things, the Notice provides interim guidance that taxpayers may generally rely on the existing bonus depreciation regulations. #taxes#taxtwitterirs.gov/pub/irs-drop/n…
It's no surprise the #IRS is facing a host of issues, including personnel challenges. But will these issues force the agency to explore alternative resolution opportunities? #taxes#taxtwitterskadden.com/insights/publi…
The #IRS has released the standard mileage rates for 2026:
•Business use: 72.5 cents per mile (up 2.5 cents from 2025).
•Medical: 20.5 cents per mile (down a half cent from 2025).
•Moving (certain members of the Armed Forces and intelligence community): 20.5 cents per mile (reduced by a half cent from last year).
•Charitable: 14 cents per mile (same as 2025).
#taxes#taxtwitter
I'm thrilled to share that I have been selected as one of CPAacademy.org’s 2025 Top Presenters! Teaching brings me so much joy, so this recognition means a lot to me.
For a full list of the Top Presenters, visit cpaacademy.org/s/toppresenter….
The #IRS has released a digital version of Form 211, which can be used to quickly and securely provide information electronically to the Whistleblower Office. Check out the link below. #taxes#taxtwitterirs.gov/help/submit-a-…
Did you know the Work Opportunity Tax Credit is scheduled to expire at the end of this year? But it looks like Congress supports its extension. On November 20, lawmakers introduced the Improve and Enhance the Work Opportunity Tax Credit (WOTC) Act (S. 3265/H.R. 6231) to extend the credit for five years, through December 31, 2030. #taxes#TaxTwitter
The #IRS has released a draft of Form 4547. This form will be used to establish a Trump account for the benefit of an eligible child. It will also be used to elect into the $1,000 pilot program. #taxes#taxtwitterirs.gov/pub/irs-dft/f4…
Douglas O’Donnell, a former #IRS commissioner, has expressed concerns that the government shutdown may delay the 2026 filing season. Thoughts?
#taxes#taxtwitter