Taxes February 13, 2026
Tax Court Slams Brakes on Charitable Deduction
The Tax Court immediately nixed the deduction because of the inadequate substantiation and the lack of any appraisal for high-income items.
Taxes February 6, 2026
IRS Issues Proposed Rules on Clean Fuel Tax Credit
The Treasury Department and the IRS released proposed regulations Feb. 3 on the clean fuel production credit under the One Big Beautiful Bill Act.
Taxes February 6, 2026
IRS Says Tax Relief Available for Those Affected by Severe Storms in Montana
The IRS this week announced tax relief for individuals and businesses in Montana affected by severe wind storms and flooding that occurred the second and third weeks of December 2025.
Taxes February 5, 2026
Bessent Says Taxpayers Will Foot the Bill if Trump Wins $10 Billion IRS Lawsuit
The revelation came Thursday during a Senate Banking Committee hearing where Treasury Secretary and Acting Commissioner of the Internal Revenue Service Scott Bessent testified.
Sales Tax February 5, 2026
Ohio Gov. DeWine Warns Sales Tax Could Hit 20% if Property Taxes Abolished
If a proposed constitutional amendment abolishing property taxes were to pass, Ohioans may see sales taxes skyrocket into the double digits, Gov. Mike DeWine said Thursday morning.
Taxes February 5, 2026
House Advances Measure to Block D.C. Tax Code Decoupling
Congress took steps on Wednesday toward blocking changes to D.C.’s local tax code, even as District officials warned it could wreak havoc on tax season and smash a hole in the city’s budget.
Taxes February 4, 2026
WARNING: TikTok, Insta and Other Social Tax Advice is So Bad, It Can Lead to Fines or Handcuffs
Many fraudulent tax schemes have been circulating on social media, promoting misuse of tax credits or deductions that most taxpayers don’t qualify for.
Payroll February 4, 2026
1 in 5 U.S. Workers Say They’ve Called in Sick After Super Bowl Sunday
Of the 18% of employees who've admitted to playing hooky from work following Super Bowl celebrations, 7.5% say they've done it more than once, according to new data from TopResume.
Taxes February 4, 2026
Union Leaders, Activists Sue to Block Vote on Massachusetts Income Tax Cut
The lawsuit claims the wording of signature petitions to qualify for the ballot were "misleading and deceptive" because it didn't mention the cuts would cover all three categories of income taxes, including capital gains taxes paid by businesses.
Taxes February 3, 2026
Washington Gov. Bob Ferguson Says He Can’t Support ‘Millionaire’s Tax’ Bill Without Changes
In a long-anticipated bill, which is getting formally introduced this week, legislative Democrats are proposing a 9.9% tax on annual earnings of more than $1 million starting in 2028.
Sales Tax February 2, 2026
Here’s Why Louisiana Has the Country’s Highest Combined Sales Tax Rates
For the third year in a row, Louisiana has the highest average combined state and local sales tax rate in the country at 10.11%, according to a new report from the Tax Foundation.
Taxes February 2, 2026
IRS: Simple Payment Plans Have Expanded to Businesses
In an email to tax professionals on Monday, the IRS said it recently updated qualifications for Simple Payment Plans, formerly known as “streamlined installment agreements,” to include business taxpayers.
IRS February 2, 2026
IRS Seeks Applicants to Serve on ETAAC
The IRS announced last week that it's accepting applications for the Electronic Tax Administration Advisory Committee through Feb. 28.