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.
Check out the Joint Committee on Taxation's report summarizing federal tax provisions that expired in 2025 or are scheduled to expire in the future. #taxes#taxtwitter#accountingfirms
https://t.co/0f2c81kupW
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 #taxtwitter
https://t.co/wdNln10PZN
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#taxtwitter
https://t.co/ggHavwixmF
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 https://t.co/awkNnPGGPX’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 https://t.co/1fiwla8bvm.
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#taxtwitter
https://t.co/VnOn7V9oyK
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#taxtwitter
https://t.co/SWpV7GYCju
The #IRS has released final regulations (TD 10037) on the excise tax on repurchases of corporate stock. They will be effective when published in the Federal Register. #taxes#taxtwitter
https://t.co/uEUSMe66UM
Douglas O’Donnell, a former #IRS commissioner, has expressed concerns that the government shutdown may delay the 2026 filing season. Thoughts?
#taxes#taxtwitter