The IRS has furloughed nearly half of its employees after updating its government shutdown contingency plan last week, and the agency is now set to permanently lose nearly 1,500 employees as the administration pushes broad reductions in force. The moves could freeze audit activity, slow down new guidance, and create processing backlogs.

Executive Order 14247 directs the Treasury to end paper checks for federal payments, including tax refunds, effective September 30, 2025, and transition to electronic payment methods. The order aims to reduce costs, delays, and risks associated with paper payments, and the EHTC Tax Services team is here to discuss how the executive order applies to you.

The president signed into law a sweeping reconciliation tax bill in a July 4 signing ceremony, capping a furious sprint to finish the legislation before the self-imposed holiday deadline. The Senate approved the bill in a 51-50 vote on July 1 after making a number of last-minute changes following intense bicameral negotiations.

The U.S. House of Representatives voted 215 to 214 on May 22 to advance a nearly $4 trillion tax bill after reaching a compromise on key tax issues, but significant challenges await in the Senate.

Starting in 2024, the Corporate Transparency Act (“CTA”) mandates certain entities (primarily small and medium-size businesses) created in or registered to do business in the United States report information about their beneficial owners—the individuals who ultimately own or control a company—to the Financial Crimes Enforcement Network (“FinCEN”).

A long-debated piece of Michigan tax law covering the delivery and installation of goods could finally get a rewrite under an agreement between Democratic state leaders and Republican members of the Legislature.

Tax season is fast approaching, and, at EHTC, we know that it can bring added stress to our clients. The best way to mitigate some of that strain is to stay organized and stay on top of all the important details—and resist the urge to procrastinate until late February or March.

What does a work-from-home workforce mean for taxes? There’s certainly pros and cons to remote work, but what should business owners and employers be aware of during this shift?