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 September 12, 2023
Notice 2023-63 includes interim rules on the capitalization and amortization of specified research or experimental expenditures.
September 11, 2023
To qualify for transportation deductions, you must be traveling away from your tax home to a business location.
Taxes September 8, 2023
A judge has ruled that Intuit Inc., the maker of the popular TurboTax tax filing software, “engaged in deceptive advertising in violation of Section 5 of the FTC Act” and deceived consumers when it ran ads for “free” tax products and services for which many consumers were ineligible.
Taxes September 8, 2023
The agency is opening examinations of 75 of the largest partnerships in the U.S. that on average have over $10 billion in assets.
September 8, 2023
The BIG tax often catches business owners by surprise. Fortunately, however, you may be able to avoid adverse tax consequences with some astute planning.
Taxes September 6, 2023
New IRS guidance marked the second time this year the agency raised the specter of subjecting state refunds to federal income tax.
Taxes September 6, 2023
Is the sale of an NFT subject to tax? Should it be? While lawmakers and tax officials worldwide have at least 91.8 million reasons to ensure tax laws account for sales of NFTs and other new tech, crafting tax policies for NFTs is difficult.
Taxes September 5, 2023
Compliance Tracker ensures accurate and timely tax filings, reducing risk of non-compliance and penalties by incorporating trusted data compiled and maintained by Bloomberg Tax’s in-house tax analysts.
Taxes September 4, 2023
The accumulated earnings tax must be paid in addition to the regular corporate income tax. Despite recent threats by Congress to raise the ante, this penalty tax remains at the 20% rate.
September 1, 2023
The guidance is being issued as part of the IRS's efforts to provide additional certainty to states and their residents regarding the federal income tax consequences of state payments made to taxpayers.
Taxes September 1, 2023
These taxpayers now have until Feb. 15, 2024, to file various federal individual and business tax returns and make tax payments.
Payroll August 30, 2023
Under proposed changes from the Dept. of Labor, any salaried employee making less than $55,000 per year, or $1,059 per week, would be eligible for overtime. That would be a significant jump from the current cutoff at $35,568 per year.