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 November 6, 2025
IRS Grants Penalty Relief for Reporting Tips and Overtime Under OBBBA
The Treasury Department and the IRS issued guidance on Nov. 5 providing penalty relief to employers and other payors for tax year 2025 on the new information reporting rules for cash tips and qualified overtime compensation in the tax-and-spending law.
Taxes November 5, 2025
IRS Says Direct File Won’t Be Around for 2026 Tax Filing Season
In an email sent to comptrollers in the 25 states that partner with the agency on Direct File, the IRS said the program won't be provided next year and "no launch date has been set for the future."
Taxes November 5, 2025
Supreme Court Sounds Skeptical of Broad Trump Tariff Powers
During oral arguments on Nov. 5, justices weighed whether Congress abdicated taxing power—and whether it could ever get it back.
Taxes November 5, 2025
OBBBA Brings Expanded Tax Incentives for Employers
While many provisions await Treasury and IRS guidance, small business clients are already asking how the law will affect their taxes in 2025 and beyond. This overview highlights key changes relevant to their planning.
Taxes November 5, 2025
Illinois Bill ‘Decouples’ State and Federal Taxes to Reduce Deficit Now
Illinois lawmakers are sending a bill to Gov. JB Pritzker that makes a pair of changes to Illinois’ tax code in response to new federal tax provisions that could reduce state revenue.
Taxes November 4, 2025
IRS Nationwide Tax Forum Online Launches with New Continuing Education Content
Each seminar features a 50-minute interactive video presentation synchronized with PowerPoint slides, downloadable resources and full transcripts.
Taxes November 4, 2025
GOP Rep. Max Miller Plans to Unveil Cryptocurrency Tax Legislation
The Ohio Republican is preparing to introduce a bill with Rep. Steven Horsford (D-NV) that Miller says will transform how digital assets are regulated and taxed in the U.S.
Taxes November 3, 2025
Trump’s Tariff Regime Case Could Reshape Congress’ Taxing Power
The Supreme Court will hear oral arguments Wednesday over whether a law allows President Donald Trump to implement a worldwide tariff regime, in a case experts and lawmakers said ultimately could undermine Congress’ foundational power over taxation.
Taxes November 3, 2025
Maryland Offers Tax Relief for Federal Workers During Government Shutdown
Maryland Comptroller Brooke Lierman announced that federal employees with existing state tax payment plans can defer their payments until after the government reopens.
Taxes October 31, 2025
Major Life Events Prompt More Americans to Turn to Tax Preparers for Advice, Survey Finds
A survey commissioned by TaxSlayer Pro found that while most people still file their own taxes, the data suggests that many hand things over to a tax professional once their life—and finances—become more complicated.
Taxes October 30, 2025
5 Steps to Make Tax Season Workflow Smoother
Tax season doesn't have to result in a full-blown disaster. With some preparation, you can transform your business's filing season from a stressful event into a walk in the park.
Taxes October 29, 2025
IRS Tax Lien Revealed Against Miami Heat’s Terry Rozier, Who Was Arrested in NBA Gambling Scandal
ESPN reported that the IRS filed a $8,218,211 federal income tax lien in Broward County, FL, where Rozier has a residence, against the Miami Heat guard in November 2023.