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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
Government Shutdown Likely Averted with Last-Minute Temporary Spending Deal in House

Accounting September 30, 2023 

Government Shutdown Likely Averted with Last-Minute Temporary Spending Deal in House

The latest House stopgap bill passed with the support of 126 Republicans, while 90 GOP lawmakers voted “no.” Only one Democrat, Rep. Mike Quigley, D-Ill., opposed it, over the omission of Ukraine aid.

 Pop Singer Shakira Charged with Tax Evasion for Second Time

Taxes September 29, 2023 

Pop Singer Shakira Charged with Tax Evasion for Second Time

Spanish prosecutors claim she failed to pay $7.1 million in taxes in 2018 and is using an offshore company to avoid paying taxes.

IRS’s Government Shutdown Plans Include Furloughs and Few Services

Taxes September 29, 2023 

IRS’s Government Shutdown Plans Include Furloughs and Few Services

Contingency plan calls for the IRS to furlough two-thirds of its workforce and press pause on most core tax administration functions.

Jason Bramwell

AICPA Asks IRS to Release Contingency Plan in Case of Government Shutdown

Taxes September 28, 2023 

AICPA Asks IRS to Release Contingency Plan in Case of Government Shutdown

The letter goes on to express concern that an October shutdown of the government will likely impact the timely processing of extended 2022 tax returns due by Oct 16, 2023.

Isaac M. O'Bannon

 Ways and Means Votes to Release More of Hunter Biden’s Tax Documents

Taxes September 28, 2023 

Ways and Means Votes to Release More of Hunter Biden’s Tax Documents

The House panel voted along party lines to disclose additional documents related to the probe into the president's son's taxes.

Two Found Guilty in $1.3 Billion Conservation Easement Scheme

Taxes September 28, 2023 

Two Found Guilty in $1.3 Billion Conservation Easement Scheme

Jack Fisher and James Sinnott designed, marketed and sold to high-income clients abusive syndicated conservation easement tax shelters based on fraudulently inflated charitable contribution tax deductions, promising them deductions 4.5 times the amount the taxpayer clients paid.

Isaac M. O'Bannon

Judge Finds Trump Liable for Fraud in $250 Million New York Lawsuit

Accounting September 28, 2023 

Judge Finds Trump Liable for Fraud in $250 Million New York Lawsuit

In an unexpected portion of his decision, the judge essentially stripped Trump of the ability to run his businesses in New York by canceling his certificates and any controlled by his adult sons.

IRS Rolls Out New Chatbot Feature for Certain CP Notices

Taxes September 26, 2023 

IRS Rolls Out New Chatbot Feature for Certain CP Notices

Chatbots will be used to help answer basic taxpayer questions about three notices in the CP series, the IRS said on Tuesday.

Jason Bramwell

Only Richest 20% of Americans Still Have an Abundance of Pandemic Savings

Payroll September 26, 2023 

Only Richest 20% of Americans Still Have an Abundance of Pandemic Savings

For the bottom 80% of households by income, bank deposits and other liquid assets were lower in June this year than they were in March 2020.

irs1

Taxes September 26, 2023 

IRS Updates 2023-2024 Per Diem Rates for Business Travelers

Taxpayers can use the special per diem rates to substantiate the amount of expenses for lodging, meals, and incidental expenses.

Jason Bramwell

NJCPA Kicks Off Annual Food Drive

Accounting September 26, 2023 

NJCPA Kicks Off Annual Food Drive

The Community FoodBank serves 15 counties in the state, distributing food to charities, soup kitchens, emergency shelters, food pantries and other places of need.

Isaac M. O'Bannon

IRS Gives Tax Relief to Those Affected by Hurricane Lee in Massachusetts and Maine

Taxes September 25, 2023 

IRS Gives Tax Relief to Those Affected by Hurricane Lee in Massachusetts and Maine

All individuals and business owners in these two states now have until Feb. 15, 2024, to file their returns and make tax payments.

Jason Bramwell

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