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 September 18, 2024
Trump Takes U-Turn on ‘SALT’ Deduction Cap
Trump promised to “get SALT back, lower your Taxes, and so much more,” in a post on his social media platform Truth Social on Sept. 17.
State and Local Taxes September 17, 2024
Some Solutions for State and Local Tax Deductibility
With elections approaching, it’s time for governors and mayors to offer some viable new policy options—and ways to pay for them.
Taxes September 17, 2024
Tax Court Halts Deduction for Start-Up Costs in Some Cases
A taxpayer can’t deduct start-up expenses if he or she abandons the business before it ever gets off the ground.
Taxes September 16, 2024
Wolters Kluwer Analyzes Tax Policies of Harris and Trump
The tax briefing aims to distinguish the candidates' tax priorities and propose how their policies could potentially affect all taxpayers.
Taxes September 13, 2024
IRS Offers Tax Deadline Extensions for Louisiana Due to Hurricane Francine
These taxpayers now have until Feb. 3, 2025, to file various federal individual and business tax returns and make tax payments.
Taxes September 12, 2024
IRS Issues Proposed Regs for New Corporate Alternative Minimum Tax (CAMT)
The proposed regulations provide definitions and general rules for determining and identifying AFSI. They also include rules regarding various statutory and regulatory adjustments in determining AFSI.
Taxes September 11, 2024
Bloomberg Tax Predicts 2025 Standard Tax Rates, Standard Deductions, and AMT
Bloomberg Tax's annual Projected U.S. Tax Rates Report provides early, accurate notice of the potential tax savings that could be realized due to increases in deduction limitations, upward adjustments to tax brackets, and increases to numerous other key thresholds.
Taxes September 10, 2024
IRS Extends Some Tax Filings For New York, Connecticut Flood Victims
Impacted residents and business owners have until Feb. 3, 2025, to submit a variety of tax filings and payments.
Taxes September 10, 2024
The Tax Blotter – Sept 10, 2024
The Tax Blotter is a collection of briefs of recent tax legislation and tax court decisions.
Small Business September 10, 2024
Sales Tax Holidays Are Not Profitable for Most Small Retailers, Says Report
While these holidays are designed to boost consumer spending and businesses’ sales, the complexities involved have actually left nearly 60% of retailers struggling to make a profit.
IRS September 9, 2024
IRS-CI Urges Sports Bettors to Play By the Rules This Football Season
Between FY 2020 and June 2024, IRS-CI initiated 151 investigations into illegal gambling activity totaling more than $178.8 million.
Taxes September 6, 2024
IRS Has Recouped $1.3 Billion in Unpaid Taxes From Wealthy Americans
Nearly 80% of 1,600 millionaires who had delinquent tax debt have now made a payment, the IRS and Treasury Department said Sept. 6.