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In an Aug. 2025 report, the U.S. Government Accountability Office is suggesting that IRS develop a comprehensive educational outreach plan for tax credit that covers identifying key stakeholders while establishing clear and consistent messaging.
Responding to years of advocacy and mounting concern, the IRS recently issued internal guidance telling its staff that they should share Appeals Case Memorandums with taxpayers upon an informal request.
On Aug. 8, the IRS said that, with its phased implementation of the One Big Beautiful Bill Act (OBBA), there will be no changes to certain information returns or withholding tables for Tax Year 2025 that are related to the new law.
The recently signed GENIUS Act lays out the first formal regulatory framework for stable coins, a form of cryptocurrency pegged to the U.S. dollar or Treasuries, but leaves a lot of unanswered questions when it comes to tax.