The Internal Revenue Service says it is processing some 400,000 claims for the Employee Retention Credit, representing about $10 billion of eligible claims.

Tax cuts and Mickey’s slice; avoiding FBARs; COLA wars; and other highlights from our favorite tax bloggers.

In the wake of Hurricane Milton, the IRS is pushing back filing and payment deadlines.

The IRS and the Treasury proposed regs on the corporate alternative minimum tax on companies with over $1 billion in income, but those rules could impact much smaller companies as well.

The National Association of Tax Professionals criticized an ad promoting Intuit’s TurboTax full-service option, saying it encouraged taxpayers to leave their professional preparers.

The American Institute of CPAs sent a comment letter to the Treasury Department and the Internal Revenue Service objecting to guidance on basis-shifting involving partnerships and related parties.

Changes are only accomplished if the firm leaders are committed to improvements.

The Top 25 Firm has acquired the Georgia-based Microsoft reseller, as well as an affiliated software developer.

Allowing for regulatory approvals and other hurdles, the two firms hope to become a single firm by the end of 2025.

Plus, Paystand enhances support for Microsoft Dynamics; and other accounting tech updates.