Taxes February 12, 2026
Senate Votes to Overturn D.C. Tax Decoupling, as Locals Push Back
The Senate passed a joint resolution on Thursday blocking changes to the District of Columbia’s tax code, which will now head to President Donald Trump’s desk.
Taxes December 12, 2025
IRS Says Financial Crimes Surged Nearly 16% in 2025—Up to $10.6B
Of the $10.59 billion, $4.5 billion resulted from tax fraud, marking an increase of 111.8% from FY24, the agency said this week.
Taxes December 12, 2025
Las Vegas Casino Heavyweights Implore Congress to Restore Gambling Loss Tax Deduction
The casino executives—Derek Stevens of Circa, Tom Reeg of Caesars Entertainment, and Craig Billings of Wynn Resorts—are pressing lawmakers for the restoration of the 100% deduction for gambling losses, which was reduced to 90% under the One Big Beautiful Bill Act.
Taxes December 11, 2025
Treasury Secretary Labels 3 Democratic Governors as ‘Grinches’ Over Their State’s Taxes
Scott Bessent targeted New York Gov. Kathy Hochul, Colorado Gov. Jared Polis, and Illinois Gov. JB Pritzker over their state's taxes amid the ongoing holiday season.
Taxes December 11, 2025
IRS Issues Guidance on New HSA Tax Benefits Under OBBBA
The Treasury Department and the IRS provided guidance in Notice 2026-05 on Dec. 9 on new tax benefits for health savings account participants under this summer's One Big Beautiful Bill Act.
Taxes December 11, 2025
Boston Homeowners to See 13% Tax Increase
Boston Mayor Michelle Wu has said the new tax rates will result in a 13%, or $780 increase, in property taxes for the average single-family homeowner next year.
Accounting December 10, 2025
2025 Ensuring Success Online CPE and CE Conference Draws Thousands of Tax and Accounting Pros
The event is ongoing on Dec. 10-11, 2025, with 7 hours of NASBA-certified CPE credit on each day (14 hours total). A total of five sessions also qualify for IRS-certified CE credit.
Taxes December 9, 2025
Michigan Judge Allows State’s New 24% Marijuana Tax to Stand for Now
A Michigan judge ruled against marijuana businesses in the state Dec. 8, rejecting their arguments that a new 24% wholesale tax on their products, imposed by the Legislature as part of a road-funding deal, should be immediately blocked.
Taxes December 8, 2025
How Much Should the IRS Know About Your Charitable Giving? It’s More Than You May Realize
Even if you never claim a tax deduction, the federal government may still know which charities you support.
Legislation December 8, 2025
Decoding the OBBB: Practical Insights for CPAs and Their Clients
For CPAs, accountants, and tax professionals, the OBBB delivers sweeping reforms, some long-awaited from the Tax Cuts and Jobs Act (TCJA) of 2017 and some unexpected.
Taxes December 1, 2025
Coming in 2026: A Battle Over California Billionaire Tax Proposal
The measure, which was filed with the attorney general’s office in October and opposed by Gov. Gavin Newsom, would impose a one-time 5% tax on Californians with assets worth $1 billion or more.
Taxes December 1, 2025
Northwest Region Leads on Tax Competitiveness, with One Glaring Exception
The latest numbers from the Tax Foundation show that Wyoming is the most taxpayer-friendly state, Montana is 6th, and Idaho is 9th. But Washington coming in near last at 45th is a cause for concern.
Taxes November 26, 2025
Sen. Jim Justice to Pay $5.2M in Overdue Taxes After DOJ Suit
The Republican senator from West Virginia and his wife owed the $5.2 million going back to at least 2009. The Justice Department sued Nov. 24 to collect the money, and the Justice family agreed hours later to pay up.