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Income Tax

Mississippi Bill That Would Have Made NIL Tax-Exempt Dies in Committee, Report Says

Taxes March 19, 2026 

Mississippi Bill That Would Have Made NIL Tax-Exempt Dies in Committee, Report Says

The Name, Image and Likeness bill passed the Mississippi House, but was killed March 16 by a unanimous vote of the state's Senate finance committee.

Featured Articles

March 19, 2026  

California’s Proposed Billionaire Tax Gains Majority Support in New Poll

March 19, 2026  

‘No Tax on Overtime’ Falls Short of Expectations for Many Workers

March 19, 2026  

Study: Massachusetts Income Tax Cut Would Slash State Revenues, Give Big Breaks to Top Earners

March 18, 2026  

Average Tax Refund in 2026 Now at $3,676 as Filing Deadline Nears

March 18, 2026  

IRS: Over 830,000 Tax Refunds Delayed After Filers Miss Key Step
IRS FY 2024 Financial Report Says Longtime Deficiency Resolved

IRS November 7, 2024 

IRS FY 2024 Financial Report Says Longtime Deficiency Resolved

The agency collected more than $5.1 trillion in tax revenue and more than $98 billion in enforcement revenue.

Taxes, Tariffs and More: 5 Key Economic Stakes of the U.S. Election

Taxes November 4, 2024 

Taxes, Tariffs and More: 5 Key Economic Stakes of the U.S. Election

Tuesday's election will have far-reaching economic consequences, ranging from how Americans are taxed to global trade and energy.

Bruins’ Struggles Due to Massachusetts State Taxes, Business Coalition Argues

Taxes November 4, 2024 

Bruins’ Struggles Due to Massachusetts State Taxes, Business Coalition Argues

A trend is forming in the Boston sports scene: if a team struggles, state taxes are blamed for the poor performance.

Campaign-Trail Tax Proposals Face Hard Road to Passage

Taxes November 1, 2024 

Campaign-Trail Tax Proposals Face Hard Road to Passage

Former members of Congress and staff have mixed predictions for the viability of the presidential candidates' tax proposals.

New IRS LB&I Pass-Through Unit Hits the Ground Running

Taxes October 29, 2024 

New IRS LB&I Pass-Through Unit Hits the Ground Running

The new work group, which was formed last fall, has officially started work to more efficiently conduct audits of pass-throughs.

Jason Bramwell

Florida Man Pleads Guilty to $1.7 Million Tax Evasion

Taxes October 25, 2024 

Florida Man Pleads Guilty to $1.7 Million Tax Evasion

A Florida man has pleaded guilty to evading the payment of more than $1.7 million he owed for tax years 2004 through 2014.

Isaac M. O'Bannon

Tax Lobbying Ramps Up in Q3 Ahead of Elections

Taxes October 24, 2024 

Tax Lobbying Ramps Up in Q3 Ahead of Elections

Lobbyists this year have stressed the need for companies to engage early on next year’s expiring tax provisions.

IRS Updates Tax Brackets, Standard Deductions For 2025

Taxes October 22, 2024 

IRS Updates Tax Brackets, Standard Deductions For 2025

While the actual percentages will remain the same, the income levels of each bracket change annually to adjust to inflation.

Jason Bramwell

Man Who Leaked Trump’s Tax Returns Was Taught to Take a Stand in St. Louis

Taxes October 21, 2024 

Man Who Leaked Trump’s Tax Returns Was Taught to Take a Stand in St. Louis

Charles Littlejohn pulled off what’s been described as the greatest heist in IRS history and was sentenced to five years in prison.

Tax Experts See Long Standoff Over Expiring Provisions

Taxes October 17, 2024 

Tax Experts See Long Standoff Over Expiring Provisions

Deep ideological differences could make striking an agreement on expiring tax breaks difficult if there is divided government.

AICPA and NATP Respond to TurboTax Ad

Income Tax October 17, 2024 

AICPA and NATP Respond to TurboTax Ad

The ad tells Americans they should have a "tax break up" with their professional preparer by using one of TurboTax's live experts.

Isaac M. O'Bannon

Tax Court Delivers Mixed News on Charitable Appraisals

Taxes October 15, 2024 

Tax Court Delivers Mixed News on Charitable Appraisals

The moral of the story is that you should not run risks with so much at stake.  The cost of an accurate qualified appraisal from a reputable source is money well spent.

Ken Berry, JD

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