Taxes July 6, 2026
Opponents of Washington’s new high-earners income tax submitted more than 500,000 signatures for an initiative to kill the tax Thursday, setting up an epic brawl for November over the state's tax system.
Taxes June 17, 2024
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.
Small Business June 17, 2024
The tax agency is plagued with backlogs in processing employee retention tax credits, and the lawsuits are springing forth.
Taxes June 14, 2024
Many Republicans said the idea had merit and should be discussed, and Democrats were reluctant to dismiss the idea outright.
Taxes June 14, 2024
Trump pitched his support for cutting the business tax rate during a private meeting in Washington Thursday with roughly 100 CEOs.
Taxes June 10, 2024
Trump’s latest tax-cut pledge signaled a bid to appeal to Nevada’s service industry dominated by young workers and people of color.
Taxes June 10, 2024
Opinion: Tax cuts aren't cures. What's needed is the courage to reform an unfair, unbalanced and underperforming tax system.
Accounting Technology Lab Podcast June 7, 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.
Taxes June 3, 2024
Unlike earlier iterations of working groups leading up to the 2017 tax law, the House Ways and Means tax teams are Republican-only.
Taxes May 30, 2024
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.
Taxes May 29, 2024
The IRS Advisory Council recently recommended that the threshold figure should be raised from $1,200 to $5,800.
Taxes May 28, 2024
Ten million people used TurboTax for free this year to file their taxes, a drop of about 1 million from a year ago, Intuit said.
Taxes May 24, 2024
The taxpayer failed to report any of the $700,000 payment as taxable income on his return. So the IRS stepped in and the case ended up in the Tax Court.