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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
IRS Says Tax Gap Grew to $688 Billion in Tax Year 2021

Taxes October 16, 2023 

IRS Says Tax Gap Grew to $688 Billion in Tax Year 2021

The new estimate reflects a rise of more than $192 billion from the prior estimates for tax years 2014 to 2016.

Jason Bramwell

tax-extension1

Taxes October 16, 2023 

Oct. 16, 2023, is Deadline for Taxpayers with an Extension

For 2023, however, many taxpayers who had received an extension to file, also later faced various forms of natural disasters for which the IRS has granted additional time to file.

Isaac M. O'Bannon

IRS-Building11

Taxes October 12, 2023 

Former IRS Contractor Pleads Guilty to Leak of Trump Taxes

Federal prosecutors charged Charles Littlejohn last month, and with his guilty plea, now faces up to five years in prison for the crime.

Isaac M. O'Bannon

prisonbuilding1

Income Tax October 11, 2023 

Former CFO of Russian Natural Gas Firm Gets 7 Years in U.S. Prison for Tax Crimes

Gyetvay was convicted of concealing his ownership and control over substantial offshore assets and did not file tax returns or pay taxes on millions of dollars of income.

Not Having a Speaker is Threatening Many Key Areas Like Tax

Taxes October 6, 2023 

Not Having a Speaker is Threatening Many Key Areas Like Tax

Among the items now stalled are negotiations to restore tax breaks for business spending on research and development.

Trump Organization Controller Admits to Tax Fraud Over Fear of Losing Job

Accounting October 6, 2023 

Trump Organization Controller Admits to Tax Fraud Over Fear of Losing Job

McConney admitted he previously testified under oath that he knew he was breaking the law. He claimed he feared being fired if he resisted Weisselberg’s demands.

 Treasury Releases Guidance for New EV Tax Credits

Taxes October 6, 2023 

Treasury Releases Guidance for New EV Tax Credits

The consumer discount is one of the significant changes to electric vehicle tax credits implemented under the Inflation Reduction Act.

Report Claims Giuliani Owes Nearly $550,000 in Back Taxes to IRS

Taxes October 5, 2023 

Report Claims Giuliani Owes Nearly $550,000 in Back Taxes to IRS

According to a report, former New York City mayor Rudolph Giuliani owes $549,435.26 in unpaid taxes and, as a result, the agency has placed a tax lien on a condo he owns in south Florida.

Isaac M. O'Bannon

Be on the Lookout for Art Donation Tax Scams, IRS Says

Taxes October 5, 2023 

Be on the Lookout for Art Donation Tax Scams, IRS Says

Taxpayers, particularly wealthy filers, were warned Thursday about scams involving exaggerated art donation deductions.

Jason Bramwell

Three Complex Tax Issues Businesses are Facing Now

Taxes October 3, 2023 

Three Complex Tax Issues Businesses are Facing Now

There are a myriad of challenges and changes in the tax codes affecting their business clients each tax season.

Isaac M. O'Bannon

IRS Website

Taxes October 2, 2023 

IRS Adds Features to Tax Pro Account for Managing Client Authorizations

New additions to Tax Pro Account, available through IRS.gov, will help practitioners manage their active client authorizations on file with the Centralized Authorization File (CAF) database.

Isaac M. O'Bannon

congress_1_.5411fcad609f1

Taxes September 30, 2023 

House and Senate Pass Last-Minute Bill to Avoid Government Shutdown

The Senate overwhelmingly passed bipartisan legislation Saturday to avoid a disruptive U.S. government shutdown, sending the bill to President Joe Biden for his expected signature just hours before a midnight deadline.

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