Saw this beauty yesterday! #Stonehenge

Good news! The #IRS has released Rev. Proc. 2025-28, which adds new accounting method changes and guidance on how to make certain elections related to the new Section 174A R&D expense rules. #taxes #TaxTwitter .

What an absolute mess! #IRS #taxes #taxtwitter.

The #IRS is asking taxpayers to participate in an anonymous survey on tax preparation and filing options. I completed the survey, which gauges how interested you are in using a free online #tax preparation program. The survey runs through 9/5/25. You can access it via the.

The #IRS has released a draft of Form W-2 for 2026 (remember that the 2025 version is not changing). There are three new codes for Box 12:. TA - employer contributions to a Trump account.TP - qualified tips.TT - qualified overtime compensation. There is also a new Box 14b, which.

Interesting look at how far a $100,000 salary goes after #taxes in every U.S. state. #taxtwitter.

The Treasury Department is asking the public to "provide input on the use of innovative or novel methods, techniques, or strategies to detect and mitigate illicit finance risks involving digital assets." Comments must be received on or before 10/17/25. #digitalassets.

The #IRS needs to quickly address whether "auto-gratuities" (typically used when a waiter serves a large party) are eligible for the new deduction for qualified tips. #taxes #taxreform #taxtwitter.

According to the Congressional Budget Office, the lowest income earners will lose an average of $1,200 in overall household resources each year resulting from the #OBBBA, while others will see increases, including those in the middle and top percentiles. #taxes #taxtwitter.

To conform or not: Some states need to decide whether to conform to the #OBBBA. This is an important part of tax reform that we often overlook. #taxes #taxtwitter.

President Trump has issued an Executive Order to allow 401(k) investors to access "alternative assets," including cryptocurrency and other digital assets. This is part of the Administration's efforts to make the U.S. the "crypto capital of the world." #crypto.

Maybe #tax season won't be so delayed next year?.

Interesting. Better Markets, a public interest group, is urging state governments to exclude crypto from public pension investments due to (1) unmanageable risk, (2) regulatory ambiguity, and (3) lack of transparency/oversight. What do you think?. #crypto #taxtwitter.

#TIGTA has released a report outlining Inflation Reduction Act (IRA) spending through 3/31/25. As of that date, the #IRS has spent approximately $13.8 billion (37%) of its IRA funding. The largest expenses were employee compensation ($6.1 billion) and contractor advisory and.

I partnered with Nadya Britton to bring you these FAQs about the One Big Beautiful Bill Act. I hope you enjoy!! #taxes #taxtwitter #OBBBA.

The #Trump administration has recently published a detailed report highlighting its stance on digital asset taxation. The report emphasizes key areas for consideration, urging the #IRS to provide clarity on crypto wrapping, application of wash sale rules, and the classification.

Enjoy this tax haiku from ChatGPT:. Forms scatter like leaves— .Calculations fill the night, .Refunds or a sigh. #taxes #TaxTwitter.

Many have asked how Congress can pass a second reconciliation bill when only one is allowed per year. The key is that the limit applies to the federal government's fiscal year ending September 30—not the calendar year. This means Congress can pass another bill after September 30,.

#OBBBA: Part 2?. House Speaker Mike Johnson has confirmed that Republicans plan to proceed with another reconciliation bill later this year ("late in the fall"). The bill will tackle provisions that were excluded from the OBBBA (although specific tax provisions were not.