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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 Announces Tax Relief For Wildfire Victims in Parts of Washington

Taxes October 7, 2024 

IRS Announces Tax Relief For Wildfire Victims in Parts of Washington

Federal officials have announced tax relief for people and businesses in the Yakama Nation affected by wildfires that began June 22.

IRS Extends Tax Deadlines Until May For Helene Victims

Taxes October 1, 2024 

IRS Extends Tax Deadlines Until May For Helene Victims

The entire states of Alabama, Georgia, and the Carolinas, as well as parts of Florida, Tennessee, and Virginia, qualify for tax relief.

Jason Bramwell

IRS Draft Form 7217 Ready For Public Comment

Taxes October 1, 2024 

IRS Draft Form 7217 Ready For Public Comment

The purpose of Form 7217, new for tax year 2024, is to report all distribution of property that a partner receives from a partnership.

Jason Bramwell

IRS Looks to Improve Communication With Large Corporations During the Appeals Process

Taxes October 1, 2024 

IRS Looks to Improve Communication With Large Corporations During the Appeals Process

The agency is piloting a program that would make contacting IRS Appeals easier for large businesses with multiple representatives.

Jason Bramwell

Attorney Flagged for Tax Evasion in New Case

Taxes September 26, 2024 

Attorney Flagged for Tax Evasion in New Case

In his efforts to evade tax liability, this attorney from Missouri committed multiple fraudulent acts, for which he was found guilty.

Ken Berry, JD

Trump and Harris Hit Must-Have States as They Clash Over Economic Visions

Taxes September 25, 2024 

Trump and Harris Hit Must-Have States as They Clash Over Economic Visions

Kamala Harris was in Pennsylvania Sept. 25 while Donald Trump was in North Carolina—battleground states crucial for victory.

IRS Posts New Per Diem Tax Deduction Rates For Business Travel

Taxes September 23, 2024 

IRS Posts New Per Diem Tax Deduction Rates For Business Travel

Come Oct. 1, the per diem rates will be $319 for business travel to high-cost locations and $225 for travel to low-cost areas.

Jason Bramwell

Code for America’s Free Tax Filing Coming to More States

Taxes September 23, 2024 

Code for America’s Free Tax Filing Coming to More States

Civic tech nonprofit Code for America is broadening its tax filing simplification process to Maryland and North Carolina in January.

Three Whistleblowers Will Share One of the Largest Awards Ever Given By the IRS

Taxes September 19, 2024 

Three Whistleblowers Will Share One of the Largest Awards Ever Given By the IRS

The three people will share a $74 million payout for disclosing a tax evasion scheme that enabled the IRS to collect $263 million.

Jason Bramwell

taxes-10401

Taxes September 19, 2024 

Best Practices for Tax Professionals Filing Returns During the 2025 Filing Season (For 2024 Taxes)

Tax law is always changing, and keeping up is what tax professionals are about, or they can end up with costly errors if new credits and deductions apply or changes in filing requirements take place.

tax-scam

Taxes September 19, 2024 

IRS Warns of Scams Involving Offers in Compromise: “OIC Mills”

The Internal Revenue Service is alerting taxpayers to beware of promoters claiming their services are necessary to resolve unpaid taxes owed to the IRS while charging excessive fees, often with no results.

Isaac M. O'Bannon

Sen. Mike Crapo Floats Alternative Cost Estimate For 2025 Tax Package

Taxes September 19, 2024 

Sen. Mike Crapo Floats Alternative Cost Estimate For 2025 Tax Package

Assumption that extending Donald Trump's 2017 tax law wouldn't add to deficits could substantially shrink the price tag.

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