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 October 29, 2025
AI Is Now a First Stop for Tax and Investing Questions – CPAs Need a Playbook Fast
AI has opened the door for thousands of interested taxpayers and investors to learn about investments strategies and tax reporting but can just as easily lead them astray.
Small Business October 29, 2025
Data from Lili’s Accountant AI Reveals Over Half of SMB Owners’ Questions Are About Taxes
New data from Lili's Accountant AI tool shows that small business owners are most concerned about implementing the right tax structure and how they can save money on taxes.
Taxes October 29, 2025
It’s PTIN Renewal Season: IRS Reminds Tax Pros of Deadline
To prepare and file taxes for other taxpayers, professionals must have a PTIN and renew it annually. The cost for the 2026 calendar year is $18.75.
Taxes October 28, 2025
Cities Could Dramatically Cut Childhood Poverty with Their Own Child Tax Credit Programs, Analysis Finds
Municipal programs could move the needle with relatively small amounts of money: offering $1,000 or less per year to low- and middle-income families could cut child poverty rates by 25% in several cities.
Taxes October 28, 2025
IRS Data Shows Average Tax Refund Amount Up Nearly 2% From Last Year
With the Oct. 15 deadline for extension filers now in the rear-view mirror, the IRS last week released updated 2025 tax season statistics, which show a slight uptick in total tax returns received and the average tax refund amount compared to mid-October of 2024.
Taxes October 28, 2025
44% of U.S. Lodging Operators Only ‘Somewhat Confident’ in Tax Compliance Status
65% of short-term rental operators and 54% of hotel operators spending more than 50 staff hours per year on compliance strategies.
Firm Management October 27, 2025
The Ticking Clock: How to Effectively Manage the Accounting Firm Calendar
Change is possible when we choose to wind the clock differently, set clear stops, and build small habits that keep the mechanism running instead of exploding into chaos.
Taxes October 24, 2025
IRS Answers Questions About ERC Compliance Under Trump’s Tax Law
The IRS issued frequently asked questions on Oct. 22 about how the One Big Beautiful Bill Act affects the Employee Retention Credit, along with answers to seven other queries about the pandemic-era tax credit.
Taxes October 24, 2025
Republican Moderates Press Leadership on ACA Tax Credit Extension
Thirteen moderate House Republicans are urging party leadership to find a path toward extending enhanced expiring health care tax credits once the government reopens.
Taxes October 24, 2025
Bipartisan Scrutiny Grows Over Nonprofit Hospitals’ Billions in Tax Benefits
For once, Democrats and Republicans may be on the same page: nonprofit hospitals should prove they're earning their tax-exempt status.
Taxes October 24, 2025
‘Billionaire Tax’ Ballot Measure Seeks to Avert California Health Care Collapse
A new campaign is underway in California to make the state’s wealthiest residents pay to help rescue its health care system, with organizers filing a ballot measure that would impose a one-time 5% tax on billionaires.
Taxes October 23, 2025
IRS Issues New FAQs on $20,000 Form 1099-K Threshold Under OBBBA
The Republican tax-and-spending law reverts the threshold for online sales reporting to $20,000 and 200 transactions per year, as it was before 2021. The provision is applied retroactively to the 2022 tax year.