Tax Updates

Tax practitioners need to be prepared for a shifting landscape in the IRS’s collection efforts in 2026 and beyond. The last several months have made clear that

alliant is urging farmers to combine the recently announced $12 billion immediate bridge funding package with the R&D credit.

The world seems to be buying the hype of using artificial intelligence in tax preparation, but I’m skeptical. I don’t believe AI can substitute for the professional judgment and human insight that form the bedrock of financial accounting and tax practices.

The One Big Beautiful Bill Act (OBBB) has a number of important provisions providing tax relief for small businesses.

The One Big Beautiful Bill Act (OBBBA, also called the “Big Beautiful Bill”) was signed into law by President Trump on July 4th. This legislation addressed a variety of priorities, with its many provisions relating to tax rates, credits, and deductions; border security priorities; and healthcare and entitlements.

While the Trump administration is turning away from many renewable energy initiatives some subsidies for U.S. manufactured parts will remain.

With its Direct File program, the IRS tried to give U.S. taxpayers a free solution to a longstanding complaint: that tax prep is too expensive.

The passage of the Affordable Care Act (“ACA”) made it so that certain taxpayers, including Applicable Large Employers (“ALEs”), are required to file IRS Forms 1094-C and 1095-C annually, where they report information regarding health care coverage offered to employees.

The Internal Revenue Service (IRS) has been issuing tens of thousands of Letter 105C notices, denying Employee Retention Credit (ERC) claims.

I recently sat down with several of alliant’s Strategic Advisory Board members who have each been very active advocating for U.S. businesses on Capitol Hill.