Taxes May 28, 2026
Governor Promises to ‘Veto Any Attempt’ to Drop Threshold on Washington Millionaires Tax
Gov. Bob Ferguson on Wednesday vowed to never lower the $1 million threshold on Washington’s controversial new income tax on high earners.
Taxes May 28, 2026
Governor Promises to ‘Veto Any Attempt’ to Drop Threshold on Washington Millionaires Tax
Gov. Bob Ferguson on Wednesday vowed to never lower the $1 million threshold on Washington’s controversial new income tax on high earners.
Taxes May 28, 2026
Tax Cap Would Force North Carolina to Hike Other Taxes, Governor Says
Gov. Josh Stein is calling a constitutional amendment capping North Carolina’s income tax rate a “con” and a “cynical shell game” that would put the burden for raising revenue on “regular” North Carolinians.
Taxes May 27, 2026
Fallout From Fatal Wreck Looms Over Tax Evasion Sentencing of Former Pro Wrestler
Federal records show how a crash that killed three Macomb, MI, teens echoed inside a courtroom more than a decade later in retired wrestler's tax case.
Taxes May 27, 2026
Massachusetts Reels in $3.1 Billion From Millionaires’ Tax
Beacon Hill budget writers say revenue from the millionaires’ tax continues to surpass projections, which proponents claim is another sign wealthy households aren’t fleeing for other states to avoid the levy.
Taxes May 26, 2026
Missourians Will Vote on Plan to Phase Out State Income Tax in August
Gov. Mike Kehoe announced Friday that the measure would appear on the statewide ballot in the Aug. 4 election after promoting the proposal since January.
Taxes May 22, 2026
How Much of ‘Survivor 50′ Champion’s Winnings—the Biggest Prize in Show History—Will Go to Taxes?
The money is certainly life-changing, but the winner will have to fork over a significant portion of the $2 million to the government.
Taxes May 21, 2026
5 Tax Planning Moves to Make Due to the One Big Beautiful Bill Act
A higher SALT cap, no tax on tips and overtime, and a new $6,000 senior deduction reshape 2026 planning.
Taxes May 21, 2026
Bottom Half of Earners Should Pay Zero in Income Taxes, Bezos Says
Speaking with CNBC’s Andrew Ross Sorkin on “Squawk Box,” Jeff Bezos said the top 1% of taxpayers pay about 40% of all tax revenue while the bottom half pay 3%.
Taxes May 20, 2026
Michigan Tax Audits Skipping Over Out-of-State Big Businesses, Whistleblowers Say
Despite out-of-state taxpayers historically contributing the majority of tax revenue, out-state auditing operations for Michigan have been under "serious erosion," the state House Oversight Committee was told.
Taxes May 19, 2026
Form 8621 Non-Filing Risk: Why PFIC Compliance Deserves More Attention
Under the international information reporting rules, if a required Form 8621 is not filed, the IRS may be able to keep the statute of limitations open on the entire tax return indefinitely.
Taxes May 18, 2026
AICPA Recommends Nearly 200 Guidance Priorities for the IRS
The American Institute of CPAs provided the IRS with 193 recommendations for the tax agency's 2026-2027 Priority Guidance Plan.
Taxes May 18, 2026
Justice Department Rolls Out $1.8B Fund as Part of Trump Settlement with IRS
The Justice Department announced May 18 a new $1.8 billion “anti-weaponization fund” to compensate anyone for perceived targeting by past administrations as part of settling President Donald Trump’s $10 billion suit against the IRS.