Taxes November 5, 2026
IRS Adjusts Tax Brackets, Standard Deduction for Tax Year 2027
The IRS has released the tax year 2027 annual inflation adjustments for nearly 70 tax provisions.
Taxes November 17, 2024
Eligible IRA Owners Can Deduct Up to $105,000 in Charitable Donations For TY 2024
IRA owners age 70½ and older can make up to $105,000 in tax-free charitable donations during 2024 through qualified charitable distributions. That’s up from $100,000 in past years.
Taxes November 15, 2024
Republican Election Sweep Emboldens Trump’s Tax Cut Dreams
The incoming Republican majorities in the House and Senate mean Trump can enact a tax bill without making concessions to Democrats.
Taxes November 14, 2024
Some Enrolled Agents Have Until Jan. 31 to Renew Their Status, IRS Says
EAs with a Social Security number ending in 0, 1, 2, or 3 must renew their status before their current enrollment expires March 31, 2025.
Technology November 13, 2024
April Launches New Tax Filing Solution to Tackle Complex Financial Situations
April introduced AprilPro, an AI-powered solution to meet the evolving needs of taxpayers who have intricate tax situations.
Taxes November 13, 2024
Lower Taxes, Higher Tariffs: What Trump’s Tax Plans Mean For You
What does his tax proposals mean for you? Taxpayers should continue to monitor developments and prepare for tax law changes.
Taxes November 11, 2024
Some Financial Planning Steps to Take Now in This Economy
While economists might lack prescience with their forecasts, they still provide valuable insight into our money moves.
Accounting Technology Lab Podcast November 9, 2024
Review of TaxGPT – The Accounting Technology Lab Podcast – Nov. 2024
Brian Tankersley, CPA, and Randy Johnston review TaxGPT, an AI-powered tax assistant for accountants & tax professionals. The tech and accounting professionals that developed the TaxGPT co-pilot system says it can boost productivity by 10x.
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 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.
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.
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.
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.