News & Updates

Every month, the Society showcases a college and high school student member on our social media channels to share their background and why they want to pursue accounting as a career.

IRS announces Jan. 27 start to 2025 tax filing season; agency continues historic improvements to expand, enhance tools and filing options to help taxpayers

Treasury and IRS issue final rules identifying certain partnership related-party "basis shifting" transactions as transactions of interest

Treasury, IRS issue proposed regulations on new Roth catch-up rule, other SECURE 2.0 Act provisions

Treasury, IRS issue proposed regulations on new automatic enrollment requirement for 401(k) and 403(b) plans

IRS: For Carter remembrance, taxpayers have extra day to file, pay; returns, payments due Jan. 9 are now due Jan. 10

National Taxpayer Advocate delivers Annual Report to Congress; flags Employee Retention Credit, Identity Theft Victim Assistance processing delays and calls for adequate funding to improve taxpayer services

IRS reminder: Final 2024 quarterly estimated tax payment due Jan. 15

IRS Free File opens Friday: Free tax filing service available to millions on IRS.gov

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DOR Update

IRS reminder to disaster area taxpayers with extensions: All or parts of 14 states, 2 territories need to file 2023 returns by Feb. 3; others have until May 1

IRS requests feedback on draft Instructions for Form 6765, Credit for Increasing Research Activities

IRS announces special payments going this month to 1 million taxpayers who did not claim 2021 Recovery Rebate Credit; encourages non-filers about approaching deadline to claim credits

Treasury and IRS propose regulations to update rules for tax professionals who can practice before the IRS

IRS increases the standard mileage rate for business use in 2025; key rate increases 3 cents to 70 cents per mile

Prepare to file in 2025: Get Ready for tax season with key updates, essential tips

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IRS recovers billions in tax, financial criminal cases focused on drug trafficking, terrorist financing; launches new business online account features

Featuring a BOI Update, the DOR releasing a working draft on computer software and related transactions and more.