Taxes January 23, 2026
The House Rules Committee declined to advance an amendment to a larger spending bill that would restore a gambler’s ability to deduct 100 percent of losses on annual tax filings.
Taxes October 29, 2025
ESPN reported that the IRS filed a $8,218,211 federal income tax lien in Broward County, FL, where Rozier has a residence, against the Miami Heat guard in November 2023.
Taxes October 29, 2025
To prepare and file taxes for other taxpayers, professionals must have a PTIN and renew it annually. The cost for the 2026 calendar year is $18.75.
Taxes October 28, 2025
With the Oct. 15 deadline for extension filers now in the rear-view mirror, the IRS last week released updated 2025 tax season statistics, which show a slight uptick in total tax returns received and the average tax refund amount compared to mid-October of 2024.
Taxes October 28, 2025
Katie Wilson, a community organizer, is challenging Seattle Mayor Bruce Harrell in a close mayoral election, proposing to raise taxes on companies and wealthy residents.
Taxes October 24, 2025
A new campaign is underway in California to make the state’s wealthiest residents pay to help rescue its health care system, with organizers filing a ballot measure that would impose a one-time 5% tax on billionaires.
Taxes October 23, 2025
The Republican tax-and-spending law reverts the threshold for online sales reporting to $20,000 and 200 transactions per year, as it was before 2021. The provision is applied retroactively to the 2022 tax year.
OBBBA Tax Act October 23, 2025
This is one of the most confusing provisions in the tax code and clients are likely to have plenty of questions. Keep them up to date on the latest developments and offer your services, when needed.
Taxes October 22, 2025
The tax agency provided an update Tuesday on its website about the availability of certain IRS services during the stalemate, including whether refunds will still be sent to taxpayers.
Taxes October 22, 2025
“The IRS Math and Taxpayer Help Act represents common-sense reform that enhances IRS operations and improves the taxpayer experience," Melanie Lauridsen, AICPA vice president of tax policy and advocacy, said Oct. 22.
Taxes October 22, 2025
The bipartisan IRS MATH Act, as it’s known, cleared the Senate unanimously on Oct. 21, after previously winning approval in the House of Representatives on a voice vote in April.
Special Section: Guide to 2025 Tax Changes October 22, 2025
The OBBBA restores this tax break for businesses, retroactive to the beginning of 2025. It also adds certain enhancements and transitional rules that may benefit clients.
Taxes October 21, 2025
The One Big Beautiful Bill Act created Internal Revenue Code sections 224 and 225, which temporarily allow a deduction for taxpayers for qualified tips and qualified overtime compensation.