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Income Tax

Campaign to Repeal Washington ‘Millionaires Tax’ Submits Over 500,000 Signatures

Taxes July 6, 2026 

Campaign to Repeal Washington ‘Millionaires Tax’ Submits Over 500,000 Signatures

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.

Featured Articles

July 6, 2026  

TIGTA Made 91 Surprise Visits to IRS Taxpayer Assistance Centers. Here’s What Happened

July 2, 2026  

After Newsom Couldn’t Stop It, California Braces for Billionaire Tax Brawl

June 30, 2026  

Some Republicans Join Missouri Democrats in Push Against Income Tax Phaseout

June 30, 2026  

Could Initiative to Kill Washington’s ‘Millionaires Tax’ Also Kill the State’s Capital Gains Tax?

June 29, 2026  

Khanna Lays Into Gavin Newsom’s Tax Proposal, Setting Up 2028 Battle Lines
Taxing the Rich is a Popular Bipartisan Stance, Poll Shows

Taxes March 26, 2024 

Taxing the Rich is a Popular Bipartisan Stance, Poll Shows

Sixty-nine percent of registered voters in seven swing states favor higher taxes on billionaires, according to a new poll.

Texans Are Leading the Way So Far on IRS Direct File Program

Taxes March 21, 2024 

Texans Are Leading the Way So Far on IRS Direct File Program

While the exact number was not available, the Treasury Department says Texas has the most filers on a per capita basis.

IRS Revenue Agent Charged With Filing False Tax Returns in Massachusetts

Taxes March 21, 2024 

IRS Revenue Agent Charged With Filing False Tax Returns in Massachusetts

Ndeye Amy Thioub, 67, also taught college-level classes on accounting standards and ethics at Salem State University.

 Warren Reintroduces ‘Ultra-Millionaire’ Tax Legislation

Taxes March 20, 2024 

Warren Reintroduces ‘Ultra-Millionaire’ Tax Legislation

The tax, which would impact the top 0.05% of the nation’s households, would bring in $3 trillion in revenue over 10 years.

Former California Tax Preparer Gets 10 Years For Tax Fraud That Targeted 13 States

Taxes March 19, 2024 

Former California Tax Preparer Gets 10 Years For Tax Fraud That Targeted 13 States

Stephen Jake McGonigle, 66, was ordered to pay the $1.2 million in restitution that he took from victims in the scheme.

congress

Taxes March 18, 2024 

Tax Law: These TCJA Provisions Will Expire Soon

The nation’s lawmakers may allow these provisions to expire as written into the TCJA, extend them indefinitely, for a period of time or even permanently, or otherwise modify them.

Ken Berry, JD

 Is President Biden On the Right Track With His Billionaire and Business Tax Increase Plans?

Taxes March 15, 2024 

Is President Biden On the Right Track With His Billionaire and Business Tax Increase Plans?

The president recently introduced several tax proposals targeting big businesses and the wealthiest Americans.

IRS Offers Special Resources Pages in 21 Languages

Taxes March 15, 2024 

IRS Offers Special Resources Pages in 21 Languages

The agency's multilingual efforts are a part of its Strategic Operating Plan, which has received additional funding since the enactment of the Inflation Reduction Act.

Isaac M. O'Bannon

Money Mule Networks Are on IRS Criminal Investigation’s Radar

Taxes March 14, 2024 

Money Mule Networks Are on IRS Criminal Investigation’s Radar

Money mules are people who, at someone else’s direction, receive and move money obtained from victims of fraud.

Jason Bramwell

Louisiana Doctor Gets 4 Years in Prison for Tax Evasion

Taxes March 13, 2024 

Louisiana Doctor Gets 4 Years in Prison for Tax Evasion

Dr. Melissa Rose Barrett, of Baton Rouge, owed the IRS approximately $1.6 million in income taxes.

Isaac M. O'Bannon

Miami Businessman Charged With Hiding Millions in Swiss Bank Accounts, Evading Taxes

Taxes March 13, 2024 

Miami Businessman Charged With Hiding Millions in Swiss Bank Accounts, Evading Taxes

Dan Rotta, who is accused of dodging taxes for decades using accounts at UBS and Credit Suisse, was granted a $15 million bond.

Why Businesses Shouldn’t Rely on AI-Powered Tax Prep Advice

Taxes March 12, 2024 

Why Businesses Shouldn’t Rely on AI-Powered Tax Prep Advice

A Washington Post investigation found TurboTax's and H&R Block's AI tools are not up to snuff.

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