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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
tax_refund_2_.58ad2540b4575

Taxes February 3, 2025 

The Biggest Tax Credit Many People Miss: The EITC

One in five eligible taxpayers don’t claim this credit worth up to $7,830.

Isaac M. O'Bannon

Top 10 States Whose Residents Are Most Eager for Their Tax Refund

Taxes January 31, 2025 

Top 10 States Whose Residents Are Most Eager for Their Tax Refund

A new study from LLC.org has found that tax refund anticipation is particularly pronounced in southern states, many of which have the lowest median household incomes in the U.S.

Jason Bramwell

AICPA Asks IRS to Lessen Burden on Tax-Exempt Organizations in Foreign Filing Process

Taxes January 31, 2025 

AICPA Asks IRS to Lessen Burden on Tax-Exempt Organizations in Foreign Filing Process

In a letter submitted to the IRS on Jan. 27, the AICPA requested that the tax agency and the Treasury Department provide exemptions to, or streamlined reporting for, certain foreign filings required by exempt organizations.

Jason Bramwell

Technology Solutions for FASB ASU 2023-09 Compliance

Accounting January 29, 2025 

Technology Solutions for FASB ASU 2023-09 Compliance

Three ways tax provision software can help organizations comply with FASB's standard on income tax disclosure requirements and five key factors to consider when choosing a solution.

TIGTA Alerts Taxpayers of New Tax Season Text Message Scam

Taxes January 28, 2025 

TIGTA Alerts Taxpayers of New Tax Season Text Message Scam

Scammers impersonating the IRS are texting taxpayers leading them to believe they're going to receive an economic impact payment, also known as a recovery rebate credit, but it's a scheme to steal their personal data, TIGTA said on Jan. 28.

Jason Bramwell

What Should You Do If You Suspect Your Tax Preparer Is Being Investigated by the IRS?

Taxes January 27, 2025 

What Should You Do If You Suspect Your Tax Preparer Is Being Investigated by the IRS?

The following is a detailed look at why your preparer's legal troubles place you at risk, what signs might indicate they are under scrutiny, and which immediate steps you can take to protect yourself from civil and criminal tax exposure.

Cutting Services or Raising Taxes: State Lawmakers Weigh How to Fill Big Budget Gaps

Taxes January 27, 2025 

Cutting Services or Raising Taxes: State Lawmakers Weigh How to Fill Big Budget Gaps

Leaders of several states are proposing cutting social programs such as child care, victim services and Medicaid, or raising taxes on cigarettes, spirits or households with the highest incomes, to balance state budgets.

Trump Touts Proposal to End Taxes on Tips During Las Vegas Visit

Taxes January 27, 2025 

Trump Touts Proposal to End Taxes on Tips During Las Vegas Visit

The pledge to end taxes on tipped income, first introduced over the summer at a rally in service industry-reliant Las Vegas, became a key pitch in his winning presidential campaign.

Now That Trump is Back in Office, Here’s What to Expect for Your Taxes in 2025 and Beyond

Taxes January 21, 2025 

Now That Trump is Back in Office, Here’s What to Expect for Your Taxes in 2025 and Beyond

With President Donald Trump back in the White House for a second term, Americans can expect to see major tax law changes in the years ahead.

Miami Lobbyist Charged with $600K Tax Evasion, Feds Say

Taxes January 21, 2025 

Miami Lobbyist Charged with $600K Tax Evasion, Feds Say

Both Eston Melton and his wife, who once worked as a secretary at Miami-Dade County Hall, are registered as lobbyists with the county.

IRS Probes Financial Firm That Was Focus of Pandora Papers Investigation

Taxes January 21, 2025 

IRS Probes Financial Firm That Was Focus of Pandora Papers Investigation

The tax agency has launched a probe into whether financial services firm Trident Trust Group helped well-heeled Americans evade taxes.

natural_disasters_list_1_.56117a5e5df03[1]

Taxes January 21, 2025 

AICPA Offers Strong Support for Bipartisan, Bicameral Legislation Postponing Federal Tax Deadlines for State-Declared Disasters

The current statute requires the IRS to wait for a federal disaster declaration, which cannot happen until after the disaster occurs, in order to grant deadline extensions.

Isaac M. O'Bannon

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