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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
House GOP Shifts Message on 2017 Tax Cuts

Taxes June 21, 2024 

House GOP Shifts Message on 2017 Tax Cuts

Cost concerns and blue-district GOP issues prompt strategy rethink among Republicans charged with reviewing the expiring provisions.

Senate Finance Dems Look to Raise Revenue for 2025 Tax Cliff

Taxes June 21, 2024 

Senate Finance Dems Look to Raise Revenue for 2025 Tax Cliff

Top party lawmakers are making it clear that taxes need to rise on wealthy individuals and multinational corporations.

IRS Releases FAQs on Sec. 127 Educational Assistance Programs

IRS June 18, 2024 

IRS Releases FAQs on Sec. 127 Educational Assistance Programs

If provided under an educational assistance program, certain educational assistance benefits can be excluded from gross income.

Jason Bramwell

IRS Plans to Stop Basis Shifting Transactions

Taxes June 17, 2024 

IRS Plans to Stop Basis Shifting Transactions

Cracking down on this tax loophole used by the wealthy could raise more than $50 billion in revenue over 10 years, Treasury said June 17.

Jason Bramwell

Didn’t Get Your Employee Retention Credit? You Can Sue the IRS

Small Business June 17, 2024 

Didn’t Get Your Employee Retention Credit? You Can Sue the IRS

The tax agency is plagued with backlogs in processing employee retention tax credits, and the lawsuits are springing forth.

Trump Plan to End Taxes on Tips Garners Capitol Hill Interest

Taxes June 14, 2024 

Trump Plan to End Taxes on Tips Garners Capitol Hill Interest

Many Republicans said the idea had merit and should be discussed, and Democrats were reluctant to dismiss the idea outright.

Trump Tells CEOs He Would Cut Corporate Tax Rate to 20%

Taxes June 14, 2024 

Trump Tells CEOs He Would Cut Corporate Tax Rate to 20%

Trump pitched his support for cutting the business tax rate during a private meeting in Washington Thursday with roughly 100 CEOs.

Trump Floats Tax-Free Tips in Pitch to Win Las Vegas Workers

Taxes June 10, 2024 

Trump Floats Tax-Free Tips in Pitch to Win Las Vegas Workers

Trump’s latest tax-cut pledge signaled a bid to appeal to Nevada’s service industry dominated by young workers and people of color.

Has America’s Tax-Cut Era Outlasted Its Welcome?

Taxes June 10, 2024 

Has America’s Tax-Cut Era Outlasted Its Welcome?

Opinion: Tax cuts aren't cures. What's needed is the courage to reform an unfair, unbalanced and underperforming tax system.

Review of Black Ore Tax Autopilot- The Accounting Technology Lab Podcast – June 2024

Accounting Technology Lab Podcast June 7, 2024 

Review of Black Ore Tax Autopilot- The Accounting Technology Lab Podcast – June 2024

Hosts Randy Johnston and Brian Tankersley, CPA, review Black Ore Tax Autopilot, an AI tax prep system for CPAs, which features complete 1040 tax preparation automation.

Brian Tankersley, Randy Johnston

House Republican ‘Tax Teams’ In Spotlight As Major Provisions Are Set to Expire

Taxes June 3, 2024 

House Republican ‘Tax Teams’ In Spotlight As Major Provisions Are Set to Expire

Unlike earlier iterations of working groups leading up to the 2017 tax law, the House Ways and Means tax teams are Republican-only.

IRS to Expand Free Tax-Filing Service to More Taxpayers in 2025

Taxes May 30, 2024 

IRS to Expand Free Tax-Filing Service to More Taxpayers in 2025

After a trial run in 12 states this tax season, the IRS said on May 30 its Direct File program will be made available to all 50 states next year.

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