Taxes July 14, 2026
AICPA Expresses Support for Bill to End Tax Penalties on American Hostages
The bill would provide tax relief to Americans and their families if they are unlawfully detained or held hostage abroad.
Taxes April 5, 2024
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.
Legislation March 21, 2024
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.
Taxes March 20, 2024
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.
Taxes March 18, 2024
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.
Accounting March 13, 2024
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.
Taxes March 12, 2024
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.
Taxes February 27, 2024
Let’s End Tax Break Giveaways for the Fat Cats of Pro Sports
Billions in tax-sheltered municipal bonds are sold to fund stadiums that enrich team owners while fueling federal deficits.
Taxes February 21, 2024
IRS Stresses It Will Issue More Refunds If Child Tax Credit Bill Passes
IRS Commissioner Daniel Werfel says parents don’t need to wait to file their 2024 tax return while the bill sits in the Senate.
Taxes February 20, 2024
French Companies Trade U.S. Tax Credits to Spur Renewable Projects
Schneider Electric SE to buy tax credits to help fund four Engie North America projects slated to come online in Texas this year.
State and Local Taxes February 16, 2024
SALT Bill Goes Down in the House, Likely Sealing Its Fate
The legislation was championed by blue-state Republicans opposed to the $10,000 state and local tax deduction cap.
Taxes February 12, 2024
Why Businesses with High Capex Should Delay Filing Their Tax Returns This Year
With a bipartisan bill making its way through Congress, entrepreneurs might be able to take advantage of additional tax cuts.
Taxes February 6, 2024
Treasury: IRS Could Collect $561 Billion in Revenue Thanks to Inflation Reduction Act
However, Treasury warned that if $20 billion is cut from the IRS’s funding allotment, it would reduce revenues by over $100 billion.