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Article

Last Chance to Vote in the 2026 Readers’ Choice Awards!

Accounting April 17, 2026 

Last Chance to Vote in the 2026 Readers’ Choice Awards!

Each year, readers get the opportunity to show their support for the programs, hardware, services, and other technologies they use and trust.

Isaac M. O'Bannon

Featured Articles

April 27, 2026  

IRS Introduces Process for Taxpayers to Request More Time Following a Rejected ERC Claim

April 27, 2026  

Form 990 Revisions Aimed at Cracking Down on Fraud by Tax-Exempt Groups, Treasury and IRS Say

April 27, 2026  

Right Goals, Wrong Argument? The Real Stakes in the Fight Over a 1% Income Tax Cut in Massachusetts

April 27, 2026  

Trump’s $10 Billion IRS Suit Hits Snag with Skeptical Judge

April 27, 2026  

What’s the Average Social Security Benefit at Every Age?
Illinois CPA Society Names 2026 Award Recipients

State CPA Societies April 21, 2026 

Illinois CPA Society Names 2026 Award Recipients

ICPAS will formally recognize the following honorees at the Leader Recognition & Awards Dinner in Chicago on June 18, 2026:

Isaac M. O'Bannon

Income Tax—a Hot Issue in New Hampshire Statehouse, Campaign

Income Tax April 21, 2026 

Income Tax—a Hot Issue in New Hampshire Statehouse, Campaign

Republicans, including Gov. Kelly Ayotte, back enshrining an income tax ban in the New Hampshire constitution.

Are Higher Income Taxes on Illinois Legislators’ Political Agenda?

Income Tax April 21, 2026 

Are Higher Income Taxes on Illinois Legislators’ Political Agenda?

D-Day is May 3, the last day super-majority legislative Democrats in Springfield can vote to put an amendment eliminating the Illinois Constitution's flat-tax mandate on the November ballot.

Trump Administration Opens Process of Refunding $166 Billion in Tariffs

Small Business April 20, 2026 

Trump Administration Opens Process of Refunding $166 Billion in Tariffs

U.S. Customs and Border Protection activated a new claims system on Monday for importers seeking repayments of tariffs collected under the International Emergency Economic Powers Act.

Tim Cook to Retire as Apple CEO, Will Become Executive Chairman

Technology April 20, 2026 

Tim Cook to Retire as Apple CEO, Will Become Executive Chairman

As executive chairman, Cook will assist with certain aspects of the company, including engaging with policymakers around the world.

Existing Home Sales Fell 3.6 Percent in March

Small Business April 20, 2026 

Existing Home Sales Fell 3.6 Percent in March

Month-over-month sales fell in all four regions. Year-over-year sales rose in the South and West and fell in the Northeast and Midwest.

Johnson, Scalise Lean on Tax Cuts as They Fight to Keep Their Majority in Congress

Taxes April 20, 2026 

Johnson, Scalise Lean on Tax Cuts as They Fight to Keep Their Majority in Congress

House Speaker Mike Johnson, Rep. Steve Scalise, and their GOP colleagues say millions of taxpayers saved money on One Big Beautiful Bill Act tax breaks like exemptions for some tips, overtime, state and local taxes, and more.

Fraud Remains a Top Concern for Americans, New AARP Research Shows

Financial Planning April 20, 2026 

Fraud Remains a Top Concern for Americans, New AARP Research Shows

These concerns highlight both the financial and emotional toll of these crimes and reflect how pervasive and personal the threat has become.

IRS Updates FAQs on Sec. 127 Education Programs

Taxes April 20, 2026 

IRS Updates FAQs on Sec. 127 Education Programs

These frequently asked questions contain revised information about educational assistance programs generally, including how the rules apply to certain qualified education loans.

Business Group Urges Court to Reject Massachusetts Income Tax Cut Challenge

Taxes April 20, 2026 

Business Group Urges Court to Reject Massachusetts Income Tax Cut Challenge

A national business group is calling on the state’s highest court to reject a lawsuit challenging a proposed cut to the state’s income tax rate.

Is Social Security Running Out? Here’s What Federal Projections Actually Say

Benefits April 20, 2026 

Is Social Security Running Out? Here’s What Federal Projections Actually Say

Benefit reductions are a reality that could come to fruition in the early-to-mid-2030s if Congress does not act to address a projected long-term funding shortfall, federal estimates show.

Social Security Changed the Rules for Widows and Divorced Spouses, Which Could Earn Them Thousands

Benefits April 20, 2026 

Social Security Changed the Rules for Widows and Divorced Spouses, Which Could Earn Them Thousands

The rule change mainly applies to widows and divorced spouses whose spouses worked in the public sector and did not always pay Social Security taxes.

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