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 May 19, 2023
IRS Is Developing Its Own Free Tax Preparation System
The agency said on Tuesday it is taking steps to test out an IRS-run e-filing system called “Direct File” starting next year.
Taxes May 18, 2023
Digital Automation Increasing in Tax Firms
Expect to see a bigger push for digital automation. This is not a new phenomenon — but rather one that will be recognized for the true advantage it brings.
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Taxes May 18, 2023
Energy and Fuel Companies Prioritizing Tax Compliance
When it comes to managing excise tax compliance, many energy and fuel businesses are burning the midnight oil to keep up.
Taxes May 17, 2023
Former IRS Staffer Gets Jail Time for Identity Theft, Tax Fraud
Deena Vang Lee, a former IRS employee in Fresno, CA, and private tax preparer, received four years and six months in prison.
Small Business May 17, 2023
Sales Taxes in South Dakota to Decrease
South Dakota’s state sales and use tax rate will drop from 4.5% to 4.2% starting July 1, 2023.
Taxes May 17, 2023
How to Efficiently Complete a Business Personal Property Rendition
A personal property rendition is a report that lists all business assets (personal property) that are subject to personal property tax, which is typically all tangible personal property unless a specific exemption applies.
Taxes May 17, 2023
IRS Chief Daniel Werfel Says He Is ‘Deeply Concerned’ About Racial Bias in Audits
An academic study revealed that Black Americans are up to five times more likely to be audited than taxpayers of other races.
Taxes May 16, 2023
Sizing Up a Charitable Deduction for Clothing: When is an Appraisal Required?
Adhere strictly to the substantiation rules for charitable donations. A deduction worth thousands of tax dollars could be at stake.
Taxes May 14, 2023
IRS Publishes Initial Guidance for Domestic Content Tax Credit
Domestic content is generally defined as steel, iron or manufactured products that are manufactured or produced in the United States.
Taxes May 12, 2023
AICPA Supports Extending Tax Mailbox Rule to E-Filed Returns and Payments
This practice – known as the “mailbox rule” – already applies to payments and documents sent to the IRS through traditional mail.
Taxes May 11, 2023
Maryland Supreme Court Revives State’s Digital Ad Tax
State’s highest court reversed a ruling by a circuit court judge that struck down the first-in-the-nation tax on digital advertising.
Taxes May 11, 2023
How Homeowners Qualify For the New Energy Efficient Tax Credits
The Inflation Reduction Act includes credits for taxpayers who make qualifying energy improvements to their home.