Income Tax July 22, 2026
Seven Form 990 Red Flags CPAs Should Not Ignore
A difference in wording is not necessarily a problem. Yet at the same time, a material change in purpose or activity may be.
Income Tax July 22, 2026
Seven Form 990 Red Flags CPAs Should Not Ignore
A difference in wording is not necessarily a problem. Yet at the same time, a material change in purpose or activity may be.
Taxes July 22, 2026
Tuberville’s Idea to End Alabama’s Income Tax Faces a $7.5 Billion Obstacle
Last year, Alabama got $7.5 billion in revenue from corporate and personal income taxes. That money makes up 70% of K-12 funding.
Taxes July 22, 2026
6 Things to Know About the Plan to Phase Out Missouri’s Income Tax
The heavily contested proposal, known as Amendment 5, is the top priority this year for Republican Gov. Mike Kehoe, who says states without income taxes are better positioned for economic growth.
Taxes July 21, 2026
Americans Don’t Know Their Taxes: A Third Fear They’ve Missed Deductions or Credits
These issues may explain why one in four (25%) Americans say tax season negatively impacts their mental health.
Taxes July 17, 2026
Michigan Lawmakers Revive Tax-the-Rich Push
Some state lawmakers are reviving the push to tax Michigan’s wealthiest earners to drum up more money for K-12 schools after a campaign to get a proposal on November’s ballot was suspended earlier this year.
Taxes July 15, 2026
Here’s How Much Americans Pay in Taxes Over Their Lifetime
In fiscal year 2025, the federal government collected $2.66 trillion in individual income taxes. But how much will the average American pay in income and other taxes throughout their lifetime?
Taxes July 15, 2026
Ferguson Campaigns Against Initiative to Repeal Washington ‘Millionaires Tax’
Gov. Bob Ferguson kicked off a campaign to preserve the state’s new high-earners income tax on Tuesday, arguing an initiative to kill the tax would have disastrous consequences for schools, small businesses and families.
Taxes July 15, 2026
Make the IRS an Offer It Can’t Refuse
The IRS won’t agree to an offer-in-compromise unless the amount offered is equal to or greater than the reasonable collection potential.
Taxes July 14, 2026
Hawaii’s New ‘Millionaire Tax’ Rivals Top Tax Rate Among Other States
Personal income tax rates in Hawaii will become a little more progressive next year in part due to a new top rate for high-income households that puts the isles closer to the state with the highest rate.
Taxes July 14, 2026
Supporters of Phasing Out Missouri Income Tax Won’t Talk Specifics Ahead of Public Vote
Supporters of phasing out the state income tax and replacing it with a broader tax on sales and services are not saying what new items would be taxed and how much higher sales taxes might rise if voters approve the proposal on the Aug. 4 primary ballot.
Taxes July 9, 2026
IRS Introduces Automatic Exemption From Penalty Process, Phases Out First Time Abate
The IRS on Wednesday announced a new automatic process that will provide penalty relief for taxpayers who have a history of filing and paying their tax debts on time instead of requiring them to request assistance.
Taxes July 9, 2026
Chicago Aldermen Reject Mayor’s Move to Ask Voters if Millionaires Should Be Taxed
Chicago Mayor Brandon Johnson released a statement on Thursday ripping the City Council Rules Committee for not letting voters have their say on the millionaire tax.