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Treasury, IRS Simplify Gift Tax Rules for Trump Account Contributions
The Treasury Department and Internal Revenue Service (IRS) have issued new guidance that removes a significant administrative hurdle for families contributing to Trump Accounts. Revenue Procedure 2026-25 establishes a safe harbor that allows many taxpayers to make qualifying contributions without filing a federal gift tax return.
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Treasury, IRS Simplify Gift Tax Rules for Trump Account Contributions
The Treasury Department and Internal Revenue Service (IRS) have issued new guidance that removes a significant administrative hurdle for families contributing to Trump Accounts. Revenue Procedure 2026-25 establishes a safe harbor that allows many taxpayers to make qualifying contributions without filing a federal gift tax return.
IRS Simplifies Penalty Relief: What the New Automatic Process Means for Taxpayers
the IRS is introducing a new Automatic Exemption from Penalty (AEP) program that will automatically grant penalty relief to eligible taxpayers with a strong history of compliance. The goal is simple: reduce paperwork, eliminate unnecessary requests and reward taxpayers who consistently meet their tax obligations.
Stephano Slack Launches Human Resources Advisory Services Practice, Welcoming Alain Duroseau as Practice Leader
Stephano Slack is pleased to announce the launch of its Human Resources Advisory Services practice and welcome Alain Duroseau, MPA, as Partner and Practice Leader.
IRS Tax Pro Accounts Are Changing How Taxpayers Work with Their Accountants
The IRS is continuing to expand its digital tools, making it easier for taxpayers and their accountants to manage authorizations, access records and resolve tax issues more efficiently. Understanding how IRS Online Accounts and Tax Pro Accounts work can help taxpayers avoid delays and streamline communication with the IRS.
Read my blog, “IRS Tax Pro Accounts Are Changing How Taxpayers Work With Their Accountants,” at StephanoSlack.com.