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For years, taxpayers who wanted to pay federal taxes by credit or debit card generally had to use an outside payment processor. That arrangement could be changing. On October 16, 2026, Treasury and the IRS released final regulations under Section 6311 that remove regulatory barriers to the IRS accepting credit and debit card payments more…
Industry Leadership Matt, partner and Practice Leader of Withum’s Industrial and Consumer Products Services (ICP) Team, helps drive the strategic direction, national growth and continued development of the multidisciplinary practice. He works with clients across the ICP industry, including multinational organizations, private equity-backed companies and closely held businesses. Matt played a key role in aligning…
What the OBBBA change means for recreational and professional gamblers Gambling and sports betting have become a routine part of many taxpayers’ financial lives, and the tax rules that come with them may not become apparent until a return is prepared. Gamblers may assume that a year of winning and losing similar amounts carries no…
This article is part two of a five-part series exploring the phases of building data readiness that your business (and eventually your AI initiatives) can run on. Try this at your next leadership meeting. Ask your sales, finance and operations leaders one simple question: how many customers do we have? If you get three different…
As 2026 comes to a close, cash-basis law firms should consider year-end planning opportunities that may reduce or defer taxable income while supporting the firm’s broader business and cash-flow objectives. Because cash-basis taxpayers generally recognize income when received and deductions when paid, actions taken before December 31 can directly affect the taxable income ultimately allocated…
