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 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.
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.
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.
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.
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.
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.
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.
Taxes May 29, 2024
Is An IRS Change In Slot Machine Jackpot Thresholds Really Coming?
The IRS Advisory Council recently recommended that the threshold figure should be raised from $1,200 to $5,800.
Taxes May 28, 2024
Intuit’s TurboTax Lost 1 Million Free Users This Tax Season
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
Tax Court: No Tax Exemption for This Legal Settlement
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.
Taxes May 22, 2024
IRS Extends Free File Program Through 2029
The five-year extension agreement between the IRS and Free File Inc. will continue the program through October 2029.
Taxes May 21, 2024
Tax Professionals Should Use the Most Current Version of OIC Booklet, IRS Says
The most recent version of Form 656-B, Offer in Compromise Booklet, was released by the IRS in April.