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Income Tax

Seattle Seahawks GM John Schneider Says ‘Millionaires Tax’ Will ‘Sting’ for Signing Players

Taxes March 13, 2026 

Seattle Seahawks GM John Schneider Says ‘Millionaires Tax’ Will ‘Sting’ for Signing Players

The tax could come into play on any free agent contract the Seahawks sign since the NFL minimum salary in 2026 for any player who has played one season is set at $1.005 million.

Featured Articles

March 13, 2026  

Opinion: Tax Breaks for Football Players? That’s Just the Beginning in the SEC

March 13, 2026  

Wyden Questions Changes to Postmark Rule as Tax, Election Deadlines Loom

March 13, 2026  

Washington Business Groups Worry About How ‘Millionaires Tax’ Could Affect Competitiveness

March 12, 2026  

Democrats Float Tax Relief Plans to Home in on Affordability

March 12, 2026  

IRS Updates Withholding Estimator to Include OBBBA Tax Changes
IRS Says Direct File Won’t Be Around for 2026 Tax Filing Season

Taxes November 5, 2025 

IRS Says Direct File Won’t Be Around for 2026 Tax Filing Season

In an email sent to comptrollers in the 25 states that partner with the agency on Direct File, the IRS said the program won't be provided next year and "no launch date has been set for the future."

Jason Bramwell

Major Life Events Prompt More Americans to Turn to Tax Preparers for Advice, Survey Finds

Taxes October 31, 2025 

Major Life Events Prompt More Americans to Turn to Tax Preparers for Advice, Survey Finds

A survey commissioned by TaxSlayer Pro found that while most people still file their own taxes, the data suggests that many hand things over to a tax professional once their life—and finances—become more complicated.

Jason Bramwell

IRS Tax Lien Revealed Against Miami Heat’s Terry Rozier, Who Was Arrested in NBA Gambling Scandal

Taxes October 29, 2025 

IRS Tax Lien Revealed Against Miami Heat’s Terry Rozier, Who Was Arrested in NBA Gambling Scandal

ESPN reported that the IRS filed a $8,218,211 federal income tax lien in Broward County, FL, where Rozier has a residence, against the Miami Heat guard in November 2023.

It’s PTIN Renewal Season: IRS Reminds Tax Pros of Deadline

Taxes October 29, 2025 

It’s PTIN Renewal Season: IRS Reminds Tax Pros of Deadline

To prepare and file taxes for other taxpayers, professionals must have a PTIN and renew it annually. The cost for the 2026 calendar year is $18.75.

Isaac M. O'Bannon

IRS Data Shows Average Tax Refund Amount Up Nearly 2% From Last Year

Taxes October 28, 2025 

IRS Data Shows Average Tax Refund Amount Up Nearly 2% From Last Year

With the Oct. 15 deadline for extension filers now in the rear-view mirror, the IRS last week released updated 2025 tax season statistics, which show a slight uptick in total tax returns received and the average tax refund amount compared to mid-October of 2024.

Jason Bramwell

Mamdani-Like Contender Tests Seattle’s Breaking Point on Taxes

Taxes October 28, 2025 

Mamdani-Like Contender Tests Seattle’s Breaking Point on Taxes

Katie Wilson, a community organizer, is challenging Seattle Mayor Bruce Harrell in a close mayoral election, proposing to raise taxes on companies and wealthy residents.

‘Billionaire Tax’ Ballot Measure Seeks to Avert California Health Care Collapse

Taxes October 24, 2025 

‘Billionaire Tax’ Ballot Measure Seeks to Avert California Health Care Collapse

A new campaign is underway in California to make the state’s wealthiest residents pay to help rescue its health care system, with organizers filing a ballot measure that would impose a one-time 5% tax on billionaires.

IRS Issues New FAQs on $20,000 Form 1099-K Threshold Under OBBBA

Taxes October 23, 2025 

IRS Issues New FAQs on $20,000 Form 1099-K Threshold Under OBBBA

The Republican tax-and-spending law reverts the threshold for online sales reporting to $20,000 and 200 transactions per year, as it was before 2021. The provision is applied retroactively to the 2022 tax year.

Jason Bramwell

The QBI Tax Deduction for Small Businesses Lives On – OBBBA Tax Law Changes

OBBBA Tax Act October 23, 2025 

The QBI Tax Deduction for Small Businesses Lives On – OBBBA Tax Law Changes

This is one of the most confusing provisions in the tax code and clients are likely to have plenty of questions. Keep them up to date on the latest developments and offer your services, when needed.

JD, Ken Berry, JD

Here’s What the IRS Said About Tax Refunds During the Government Shutdown

Taxes October 22, 2025 

Here’s What the IRS Said About Tax Refunds During the Government Shutdown

The tax agency provided an update Tuesday on its website about the availability of certain IRS services during the stalemate, including whether refunds will still be sent to taxpayers.

Jason Bramwell

AICPA Applauds the Passage of the IRS Math and Taxpayer Help Act

Taxes October 22, 2025 

AICPA Applauds the Passage of the IRS Math and Taxpayer Help Act

“The IRS Math and Taxpayer Help Act represents common-sense reform that enhances IRS operations and improves the taxpayer experience," Melanie Lauridsen, AICPA vice president of tax policy and advocacy, said Oct. 22.

Senate Bill Making it Easier to Fix Math Mistakes on Your Tax Return is Headed to Trump’s Desk

Taxes October 22, 2025 

Senate Bill Making it Easier to Fix Math Mistakes on Your Tax Return is Headed to Trump’s Desk

The bipartisan IRS MATH Act, as it’s known, cleared the Senate unanimously on Oct. 21, after previously winning approval in the House of Representatives on a voice vote in April.

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