Legislation
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U.S. Corporate Taxes Likely to Rise to Tame Deficit, Buffett Says
IRS Chief: $400 Million in ERC Claims Have Been Withdrawn
AI Spurs Rise in Cybersecurity Among U.S. Workers
Many Great Resignation Job Switchers are Now Regretting the Move
IRS: Energy-Efficient Rebates Not Income
However, taxpayers will need to reduce the basis of the property when they sell it by the amount of the rebate, the IRS said last week.
Bipartisan $78 Billion Tax Deal Hits GOP Roadblock in Senate
Senate Republicans don’t want to hand President Biden an election-year victory on the legislation, which passed the House in January.
The New Tax Court Limited Partnership Ruling: What to Know
The U.S. Tax Court determined that the exception to net earnings from self-employment in Section 1402(a)(13) of the Internal Revenue Code of 1986, as amended, does not automatically apply to all limited partners in a state law limited partnership.
Warren Reintroduces ‘Ultra-Millionaire’ Tax Legislation
The tax, which would impact the top 0.05% of the nation’s households, would bring in $3 trillion in revenue over 10 years.
Tax Law: These TCJA Provisions Will Expire Soon
The nation’s lawmakers may allow these provisions to expire as written into the TCJA, extend them indefinitely, for a period of time or even permanently, or otherwise modify them.
Bill on Alternate Path to CPA Licensure Gains Momentum in Minnesota Senate
The legislation, which moved to the state's Senate Finance Committee, would provide an option to licensure with 120 credit hours.
Some States Are Looking to Abolish Property Taxes Entirely
As property values surge, some state lawmakers are hoping to end the property tax. Doing so would not be cheap or easy.
Here Are the Top 10 Tax Expenditures in 2024
If lawmakers want to raise revenue to offset the cost of extending the 2017 tax cuts, these are key targets.