Shaun Hunley
@shaunhunley.bsky.social
Sketch comedian turned tax attorney (not a stretch). Proud to be an Executive Editor at Thomson Reuters. 🏳️🌈
https://www.accountingtoday.com/author/shaun-hunley
https://www.accountingtoday.com/author/shaun-hunley
Did you know the Work Opportunity Tax Credit is scheduled to expire at the end of this year? But it looks like Congress supports its extension. On November 20, lawmakers introduced the Improve and Enhance the Work Opportunity Tax Credit (WOTC) Act to extend the credit for five years. #taxes
December 9, 2025 at 2:38 PM
Did you know the Work Opportunity Tax Credit is scheduled to expire at the end of this year? But it looks like Congress supports its extension. On November 20, lawmakers introduced the Improve and Enhance the Work Opportunity Tax Credit (WOTC) Act to extend the credit for five years. #taxes
The #IRS has released a draft of Form 4547. This form will be used to establish a Trump account for the benefit of an eligible child. It will also be used to elect into the $1,000 pilot program. #taxes #taxprofessionals
www.irs.gov/pub/irs-dft/...
www.irs.gov/pub/irs-dft/...
www.irs.gov
December 8, 2025 at 3:47 PM
The #IRS has released a draft of Form 4547. This form will be used to establish a Trump account for the benefit of an eligible child. It will also be used to elect into the $1,000 pilot program. #taxes #taxprofessionals
www.irs.gov/pub/irs-dft/...
www.irs.gov/pub/irs-dft/...
The #IRS has released final regulations (TD 10037) on the excise tax on repurchases of corporate stock. They will be effective when published in the Federal Register. #taxes #taxprofessionals
public-inspection.federalregister.gov/2025-20721.pdf
public-inspection.federalregister.gov/2025-20721.pdf
public-inspection.federalregister.gov
November 21, 2025 at 2:06 PM
The #IRS has released final regulations (TD 10037) on the excise tax on repurchases of corporate stock. They will be effective when published in the Federal Register. #taxes #taxprofessionals
public-inspection.federalregister.gov/2025-20721.pdf
public-inspection.federalregister.gov/2025-20721.pdf
Douglas O’Donnell, a former #IRS commissioner, has expressed concerns that the government shutdown may delay the 2026 filing season. Thoughts?
#taxes #taxprofessionals
#taxes #taxprofessionals
November 19, 2025 at 3:50 PM
Douglas O’Donnell, a former #IRS commissioner, has expressed concerns that the government shutdown may delay the 2026 filing season. Thoughts?
#taxes #taxprofessionals
#taxes #taxprofessionals
I know we're so excited about Form 1099-DA! But did you know some states will also require reporting? Kansas is the latest state, following Montana and Michigan. #taxes #crypto #1099DA #taxprofessionals
November 18, 2025 at 2:43 PM
I know we're so excited about Form 1099-DA! But did you know some states will also require reporting? Kansas is the latest state, following Montana and Michigan. #taxes #crypto #1099DA #taxprofessionals
Honored to be quoted in Thomson Reuters' latest piece on the OBBBA's senior tax deduction. Thanks to the team for the thoughtful coverage! #taxes #taxprofessionals #OBBBA
tax.thomsonreuters.com/blog/breakin...
tax.thomsonreuters.com/blog/breakin...
Breaking down the new Social Security tax deduction
The One Big Beautiful Bill Act (OBBBA) set in motion a new tax break that could shift how seniors file their 2025 returns and plan for retirement.
tax.thomsonreuters.com
November 5, 2025 at 2:00 PM
Honored to be quoted in Thomson Reuters' latest piece on the OBBBA's senior tax deduction. Thanks to the team for the thoughtful coverage! #taxes #taxprofessionals #OBBBA
tax.thomsonreuters.com/blog/breakin...
tax.thomsonreuters.com/blog/breakin...
Happy All Hallows’ Eve!
October 31, 2025 at 2:38 PM
Happy All Hallows’ Eve!
Treasury Assistant Secretary for Tax Policy Kenneth Kies: Workforce reductions at the #IRS won’t affect the upcoming filing season or the issuance of OBBBA guidance. #taxes #taxprofessionals
October 23, 2025 at 2:14 PM
Treasury Assistant Secretary for Tax Policy Kenneth Kies: Workforce reductions at the #IRS won’t affect the upcoming filing season or the issuance of OBBBA guidance. #taxes #taxprofessionals
The #IRS has issued Notice 2025-57, offering penalty relief and guidance to lenders regarding the #OBBBA information reporting rules for car loan interest received in 2025. #taxes #taxprofessionals
For more information, refer to the notice: www.irs.gov/pub/irs-drop....
For more information, refer to the notice: www.irs.gov/pub/irs-drop....
www.irs.gov
October 21, 2025 at 2:26 PM
The #IRS has issued Notice 2025-57, offering penalty relief and guidance to lenders regarding the #OBBBA information reporting rules for car loan interest received in 2025. #taxes #taxprofessionals
For more information, refer to the notice: www.irs.gov/pub/irs-drop....
For more information, refer to the notice: www.irs.gov/pub/irs-drop....
Some feel that more students would pursue accounting if courses were designated as STEM (Science, Technology, Engineering, and Mathematics). Thoughts?
#accounting #taxprofessionals
#accounting #taxprofessionals
October 21, 2025 at 2:06 PM
Some feel that more students would pursue accounting if courses were designated as STEM (Science, Technology, Engineering, and Mathematics). Thoughts?
#accounting #taxprofessionals
#accounting #taxprofessionals
Just a reminder that extended returns are still due 10/15 despite the government shutdown. #taxes #taxprofessionals
October 14, 2025 at 5:33 PM
Just a reminder that extended returns are still due 10/15 despite the government shutdown. #taxes #taxprofessionals
Join me for this fun (and very different) webinar!! #taxprofessionals
taxprof.thomsonreuters.com/OBBBAawards
taxprof.thomsonreuters.com/OBBBAawards
Thomson Reuters
taxprof.thomsonreuters.com
October 9, 2025 at 4:27 PM
Join me for this fun (and very different) webinar!! #taxprofessionals
taxprof.thomsonreuters.com/OBBBAawards
taxprof.thomsonreuters.com/OBBBAawards
Wow! The #IRS just released inflation adjustments for 2026, including amendments from the OBBBA! #taxes #taxprofessionals
www.irs.gov/pub/irs-drop...
www.irs.gov/pub/irs-drop...
www.irs.gov
October 9, 2025 at 2:47 PM
Wow! The #IRS just released inflation adjustments for 2026, including amendments from the OBBBA! #taxes #taxprofessionals
www.irs.gov/pub/irs-drop...
www.irs.gov/pub/irs-drop...
According to Senate Finance Committee member Chuck Grassley, the Trump administration will nominate a new #IRS commissioner despite the recent creation of the CEO role. #taxes #taxprofessionals
October 8, 2025 at 1:50 PM
According to Senate Finance Committee member Chuck Grassley, the Trump administration will nominate a new #IRS commissioner despite the recent creation of the CEO role. #taxes #taxprofessionals
The Treasury Department has created a new leadership position: Chief Executive Officer. Frank Bisignano, who also serves as Commissioner of the Social Security Administration, will serve in this role. #taxprofessionals
October 7, 2025 at 1:38 PM
The Treasury Department has created a new leadership position: Chief Executive Officer. Frank Bisignano, who also serves as Commissioner of the Social Security Administration, will serve in this role. #taxprofessionals
The #IRS has named Jarod Koopman as its "Acting Chief Tax Compliance Officer," overseeing IRS employees in enforcement divisions. #taxes #taxprofessionals
October 6, 2025 at 6:31 PM
The #IRS has named Jarod Koopman as its "Acting Chief Tax Compliance Officer," overseeing IRS employees in enforcement divisions. #taxes #taxprofessionals
The #IRS is extending the comment period for the draft Form 6765 instructions (for R&D credit claims) through 3/31/26. Also, Section G of the form will be optional for all filers for tax year 2025 (processing year 2026).
#taxes #taxprofessionals
#taxes #taxprofessionals
October 1, 2025 at 4:19 PM
The #IRS is extending the comment period for the draft Form 6765 instructions (for R&D credit claims) through 3/31/26. Also, Section G of the form will be optional for all filers for tax year 2025 (processing year 2026).
#taxes #taxprofessionals
#taxes #taxprofessionals
RIP clean vehicle credit... #taxes #taxprofessionals
September 30, 2025 at 12:54 PM
RIP clean vehicle credit... #taxes #taxprofessionals
The #IRS has released interim final regulations (see link below) that reduce the PTIN user fee from $11 to $10 (plus $8.75 payable directly to a third-party contractor). #taxes #taxprofessionals
public-inspection.federalregister.gov/2025-19036.pdf
public-inspection.federalregister.gov/2025-19036.pdf
public-inspection.federalregister.gov
September 29, 2025 at 1:49 PM
The #IRS has released interim final regulations (see link below) that reduce the PTIN user fee from $11 to $10 (plus $8.75 payable directly to a third-party contractor). #taxes #taxprofessionals
public-inspection.federalregister.gov/2025-19036.pdf
public-inspection.federalregister.gov/2025-19036.pdf
The #IRS has released proposed regulations that list nearly 70 occupations, including bartenders and water taxi operators, that qualify for the "no tax on tips" provision. #OBBBA #taxes #taxprofessionals
www.federalregister.gov/public-inspe...
www.federalregister.gov/public-inspe...
Public Inspection: Occupations that Customarily and Regularly Received Tips; Definition of Qualified Tips
Occupations that Customarily and Regularly Received Tips; Definition of Qualified Tips
www.federalregister.gov
September 19, 2025 at 1:25 PM
The #IRS has released proposed regulations that list nearly 70 occupations, including bartenders and water taxi operators, that qualify for the "no tax on tips" provision. #OBBBA #taxes #taxprofessionals
www.federalregister.gov/public-inspe...
www.federalregister.gov/public-inspe...
The #IRS has released a draft of new Schedule 1-A, which will be used to report the new OBBBA deductions (like no tax on tips, overtime, etc.). #taxes #taxprofessionals
www.irs.gov/pub/irs-dft/...
www.irs.gov/pub/irs-dft/...
www.irs.gov
September 15, 2025 at 8:47 PM
The #IRS has released a draft of new Schedule 1-A, which will be used to report the new OBBBA deductions (like no tax on tips, overtime, etc.). #taxes #taxprofessionals
www.irs.gov/pub/irs-dft/...
www.irs.gov/pub/irs-dft/...
Saw this beauty yesterday! #Stonehenge
September 5, 2025 at 9:33 AM
Saw this beauty yesterday! #Stonehenge
Good news! The #IRS has released Rev. Proc. 2025-28, which adds new accounting method changes and guidance on how to make certain elections related to the new Section 174A R&D expense rules. #taxes #taxprofessionals
www.irs.gov/pub/irs-drop...
www.irs.gov/pub/irs-drop...
www.irs.gov
August 29, 2025 at 12:33 PM
Good news! The #IRS has released Rev. Proc. 2025-28, which adds new accounting method changes and guidance on how to make certain elections related to the new Section 174A R&D expense rules. #taxes #taxprofessionals
www.irs.gov/pub/irs-drop...
www.irs.gov/pub/irs-drop...