News You Can Trust

IRS Announces Details on Closures due to Sequester

The IRS will be closed for at least four days during 2013, largely due to the sequester.

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Senator, Congressman Team Up to Launch Bipartisan Tax Reform Website

Max Baucus and Dave Camp have launched a website to gather public input on tax reform.

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IRS Scandal Continues, Claims Acting Commissioner

IRS' Acting Commissioner Steve Miller has resigned under the cloud of the ongoing 501(c) scandal.

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President’s Proposed 2014 Budget Includes R&E Credit Expansion, §179D Enhancements

The President's proposed budget for 2014 includes some promising signs that §179D and the Research & Experimentation tax incentives may be in for expansion and extension.

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To Capitalize or Not to Capitalize: That is the Question

Even with just a few weeks left in the 2012 tax season, it's still not too late to think about the IRS' revised repair vs. capitalization regulations.

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