Taxes November 5, 2026
IRS Adjusts Tax Brackets, Standard Deduction for Tax Year 2027
The IRS has released the tax year 2027 annual inflation adjustments for nearly 70 tax provisions.
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.
Taxes July 8, 2026
Will World Series of Poker Main Event Attendance Be Impacted by Major Tax Changes?
While there are several variables that help determine the field size for the Main Event, one factor that could impact this year’s tournament is an amendment in the One Big Beautiful Bill Act that limits declarable losses for gamblers.
Taxes July 8, 2026
The 1099 Rules Are Changing, But the Compliance Problem Remains
The coming threshold increase should not lessen the focus on 1099 compliance. It presents an opportunity for firms to elevate the conversation.
Taxes July 8, 2026
Senators Probe Trump’s IRS Immunity Deal
Sens. Elizabeth Warren, Chuck Schumer, and Ron Wyden are investigating whether the immunity deal also protects companies affiliated with President Donald Trump's family.
Taxes July 8, 2026
Instead of Uniting the Left, California’s Billionaire Tax Measure Has Split Democratic Allies
The November ballot item has triggered a rift among progressive labor unions and Democrats, groups critical to the measure's success.
Taxes July 7, 2026
New Jersey Eyes 9% Tax on Prediction Markets
New Jersey lawmakers are advancing a bill that would impose an additional 9 percent tax on income earned by companies and individuals that operate prediction markets.
Taxes July 6, 2026
Campaign to Repeal Washington ‘Millionaires Tax’ Submits Over 500,000 Signatures
Opponents of Washington’s new high-earners income tax submitted more than 500,000 signatures for an initiative to kill the tax Thursday, setting up an epic brawl for November over the state's tax system.
Taxes July 6, 2026
TIGTA Made 91 Surprise Visits to IRS Taxpayer Assistance Centers. Here’s What Happened
Some IRS Taxpayer Assistance Centers didn't provide accurate tax guidance or properly assist walk-in taxpayers during the 2025 filing season, according to a new report from the Treasury Inspector General for Tax Administration.