Taxes April 21, 2026
Here’s How Maine’s New Millionaire Tax Will Work
Starting next year, Maine will put a 2% tax on income over $1 million for single filers and $1.5 million for joint filers. It's expected to generate $74 million per year.
Taxes November 23, 2025
If Georgia Eliminates the Income Tax, There Are Costly Tradeoffs to Consider
With this complex issue, the state needs to proceed with caution and learn from what happens in states without an income tax, a professor of economics says.
Taxes November 21, 2025
IRS Issues Guidance for Workers Who Received Tips or Overtime in Tax Year 2025
The Treasury Department and the IRS issued guidance on Nov. 21 for employees who are eligible to claim the deduction for tips and for overtime compensation under the One Big Beautiful Bill Act for the 2025 tax year.
Taxes November 21, 2025
IRS Scam: FTC Sues Tax Debt Relief Company, Claims It Was ‘Pocketing Millions’ and Threatening Taxpayers
The Federal Trade Commission recently filed a joint lawsuit with the state of Nevada against American Tax Service as well as its owners and seven affiliated parties for making false claims that they could help taxpayers with their debts.
Accounting November 21, 2025
Connecticut Accountant Admits to Evading More Than $400,000 in Taxes
Edward Sodlosky, 71, of Middlebury, CT, failed to report almost $1.4 million in additional income, resulting in a tax loss to the government of more than $400,000, authorities said.
Accounting November 21, 2025
Colorado Springs Accountant Gets 30-Month Jail Sentence for $8 Million Tax Fraud
Rodney Ermel, 71, was sentenced in October for tax evasion and conspiracy to defraud the U.S. and ordered to pay $8,087,385 in restitution to the IRS.
Taxes November 21, 2025
N.J. Tax Preparer Convicted in COVID Tax Scheme That Stole $55M
A jury convicted Leon Haynes of 15 counts of aiding and assisting in the preparation and presentation of false tax returns, one count of mail fraud and two counts of tax evasion following a six-day trial.
Taxes November 20, 2025
Missouri Gov. Says He Plans to Phase Out State’s Income Tax
Missouri Gov. Mike Kehoe has offered no specifics about his plan but said it revolves around offsetting the $10 billion generated by the state’s 4.7% income tax rate, which represents about 63% of the state’s general revenue.
Special Section: Guide to 2025 Tax Changes November 18, 2025
New Tax Breaks for Qualified Opportunity Zones – OBBBA Tax Law Changes
The OBBBA generally enhances the tax benefits available for investments in the Qualified Opportunity Zone (QOZ) program and makes these favorable tax law changes permanent.
Taxes November 18, 2025
Ex-Connecticut Tax Preparer Pleads Guilty to Tax Fraud After Owing Over $400K to the IRS
Diana Miller-Lloyd, 44, who currently lives in Jacksonville, FL, pleaded guilty in Hartford federal court to aiding in the preparation of false tax returns.
Taxes November 18, 2025
IRS Keeps Tax Interest Rates the Same for Q1 of 2026
For individuals, the rate for tax underpayments and overpayments will be 7% per year, compounded daily, the IRS said on Nov. 13.
Taxes November 18, 2025
Lawmakers Debate Eliminating Georgia’s Income Tax
Supporters say it will boost economic development, but opponents say it will hurt ordinary Georgians by hiking sales taxes and other fees.
Taxes November 12, 2025
California Gov. Gavin Newsom’s Ex-Chief of Staff Accused of Fraud, Tax Crimes in Public Corruption Case
Federal officials arrested Dana Williamson on Nov. 12 in a public corruption probe that includes multiple charges of bank and wire fraud, and accuses her of filing false tax returns.