Donovan & Wagner, P.C.

Other than a planned repurposing of Inflation Reduction Act supplemental funding, the Internal Revenue Service saw no other cuts as the President signed off on the resolution to keep the federa...

No Further Funding Cuts For IRS In FY24

The IRS has issued an announcement that addresses the federal income tax treatment of amounts paid for the purchase of energy efficient property and improvements. Taxpayers who receive rebates...

KPMG TaxNewsFlash - United StatesMarch 20, 2024The IRS today released Notice 2024-31 PDF 156 KB providing the adjustments to the limitation on housing expenses, under section 911, for specifi...

The IRS updated frequently asked questions (FAQ) on New, Previously Owned and Qualified Commercial Clean Vehicle Credits. These FAQs provide guidance on how the Inflation Reduction Act of 2022 r...

The IRS released statistics that showed 1,644 tax and money-laundering cases related to COVID fraud, totaling $9 billion investigated by the Criminal Investigation (CI). CI is the law enforce...

The IRS has wrapped up the 2024 Dirty Dozen campaign, with a warning to taxpayers to beware of promoters selling bogus tax avoidance strategies. Promoters have been peddling elaborate bogus...

Reflecting on the 2024 tax filing season, the IRS released major filing numbers for the season. The agency highlighted a variety of improvements that dramatically expanded service for mill...

The IRS has released the 2025 inflation-adjusted amounts for health savings accounts under Code Sec. 223. For calendar year 2025, the annual limitation on deductions under Code Sec. 223(b)(2...

The IRS has advised taxpayers that making specific energy-efficient updates to their homes could qualify them for home energy credits. This guidance comes under the expanded provisions of the ...

2024 Post-Filing Season Update(Proposed) Tax Relief for American Families and Workers Act of 2024 (Passed by House, January 31, 202023 Tax Year-in-ReviewConsolidated Appropriations Act, 2023

Our Goal is Your Peace of Mind

At Donovan & Wagner, P.C., our expertise and knowledge in public accounting for small businesses, individuals and trusts is dedicated to providing our clients with confidence that their important financial concerns are in good hands. Reliable and proactive client service is the solid foundation that has enabled us to build many long-term client relationships based on mutual trust and respect.

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