Taxes December 19, 2025
2025-2026 Tax Season Guide to OBBBA Tax Law Changes – SPECIAL SERIES
This series of articles spotlights key tax issues and changes made to tax law in 2025 and the years to come as a result of the OBBBA.
December 17, 2014
Congress Creates New Tax-Favored Savings Accounts for Disabled
As part of its last moves before the holidays, the lame duck Congress and Senate passed the Tax Increase Prevention Act of 2014, which primarily focused on many tax deductions and credits that had technically expired at the end of last year.
December 17, 2014
Congress Renews Most Expired Tax Breaks
At long last, Congress granted a reprieve for most of the expired tax provisions that had remained in limbo this year, but the late-breaking tax relief is only temporary.
December 15, 2014
National Accounting Society Warns Taxpayers of Scams
The National Society of Accountants (NSA) is warning that many taxpayers have been victims of an aggressive and sophisticated phone scam where callers claim to be employees of the Internal Revenue Service (IRS), but are not.
December 15, 2014
10 Credit Predictions for 2015
A crystal ball is a valuable thing. After all, if any of us truly had one, we could make a killing in the stock market. But while 20-20 vision is ultimately reserved for hindsight and no one can actually predict the future, we can indeed make some educate
December 15, 2014
Is it Better to Donate Money or Volunteer to a Charitable Organization?
The holidays are also the "giving season" for many Americans, so much so that December accounts for about 18 percent of the year’s annual charitable giving.
December 14, 2014
Greatland Takes W-2 and 1099 Reporting Programs to the Cloud
Professional tax and accounting software and resource provider Greatland has announced the launch of the web-based features of its new Yearli product, a comprehensive W-2 and 1099 reporting software and online filing platform for businesses...
December 12, 2014
2015 IRS Mileage Rates: Business Deduction Increases
The IRS has issued the 2015 optional standard mileage rates used to calculate the deductible costs of operating an automobile for business, charitable, medical or moving purposes.
December 5, 2014
IRS Interest Rates to Remain the Same for 1st Quarter 2015
The Internal Revenue Service today announced that interest rates will remain the same for the calendar quarter beginning Jan. 1, 2015. The rates will be: three (3) percent for overpayments (two (2) percent in the case of a corporation); three (3) percent for underpayments; five (5) percent for large corporate underpayments; and one-half (0.5) percent...…
December 5, 2014
Thomson Reuters Publishes Natural Disaster Property Tax Legislation Update
Thomson Reuters today announced that the latest ONESOURCE Property Tax overview on property tax exemptions and extensions for taxpayers effected by natural disasters is now available.
December 5, 2014
Group Says Tax Extenders Would Renew Wasteful Loophopes
The Financial Accountability and Corporate Transparency (FACT) Coalition is calling on Congress to reject the tax extenders package that includes two wasteful offshore loopholes that allow U.S. companies to dodge billions worth of taxes.
December 3, 2014
Online Charitable Giving Increases 10% in Third Quarter
The latest Blackbaud Index shows that online giving increased 10.6% for the three months ending October 2014 as compared to the same period in 2013. Overall charitable giving to nonprofits increased 0.2% for the period.
November 29, 2014
U.S. Senator Suggests Income Tax Incentive for Food Bank Donations
On the day before Thanksgiving, U.S. Senator Bob Casey (PA, D.) called upon Congress to step up the fight against food insecurity nationally by approving a Senate bill that would increase tax incentives for individuals and small and mid-sized businesses donating food to food banks. Senate Bill 1395, known as the Good Samaritan Hunger Relief...…