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IRS addresses taxpayer reliance on FAQs, will save copies of old FAQs

Taxpayers who reasonably rely on FAQs posted by the Internal Revenue Service will have a reasonable-cause penalty defense under a new policy announced by the agency on Friday. The IRS will also keep original versions of FAQs on its site after it updates them.

Social Security wage base, COLA set for 2022

The Social Security Administration announced the maximum amount of wages subject to Social Security tax in 2022 and a cost-of-living adjustment for Social Security benefits.

TAX PRACTICE MANAGEMENT

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2025 tax software survey

AICPA members in tax practice assess how their return preparation software performed during tax season and offer insights into their procedures.

Tax Clinic

Notice 2025-27 provides interim guidance on corporate AMT

IRS approves medical deduction for IVF, denies it for surrogacy

Two Tax Court rulings expose overvalued conservation easements

The ongoing fight against frivolous tax arguments

QSBS gets a makeover: What tax pros need to know about Sec. 1202’s new look