Taxes January 26, 2026
Welcome to Tax Season 2026
The IRS today opened the 2026 tax filing season and began accepting and processing federal individual income tax returns for tax year 2025.
Sales Tax March 8, 2024
Alabama Promotes the Great Outdoors with Proposed “Adventure Awaits” Sales Tax Holiday
Qualifying items would not be subject to the state sales and use tax during the adventure awaits sales tax holiday. As with all Alabama tax-free weekends, local jurisdictions may choose to participate — or not.
Accounting March 8, 2024
AICPA Provides Recommendations for Clarification on Proposed Digital Asset Transactions Regulations
The AICPA recommends that Treasury and the IRS clarify the meaning of important terms and certain examples within the section 6045 proposed regulations.
Taxes March 8, 2024
The Tax Blotter – March 6, 2024
The Tax Blotter is a summary of recent tax news, rulings and legislation.
Taxes March 7, 2024
Tax Expert at Wolters Kluwer Gives Opinion on Biden 2024 State of the Union Address
President Biden announced a proposal to deny corporations a tax deduction when they pay more than $1 million to any employee. He also described his plans to bump the corporate tax rate up to 28 percent, but said taxes won’t be raised for any Americans making less than $400,000 a year.
IRS March 7, 2024
Recommendations Sought For Upcoming IRS Priority Guidance Plan
The projects included in the plan would be priorities for the Treasury and IRS to work on from July 1, 2024, through June 30, 2025.
Taxes March 7, 2024
IRS Tries to Clear Up Confusion on Medical Expenses
Expenditures for general health and wellness aren't considered medical expenses, regardless of some claims to the contrary.
Taxes March 6, 2024
Former Illinois State Senator Gets 3 Years Probation for Tax Evasion
He also underreported income on returns for tax years 2012 through 2015, causing the IRS and Illinois Department of Revenue a total of about $83,000 in lost tax revenue, according to his plea agreement with prosecutors.
Taxes March 6, 2024
Free File Program Filings Up Nearly 10% This Tax Season, IRS Says
As of Feb. 24, 943,000 taxpayers had filed returns using Free File, up from last year's comparable period of 860,000 returns filed.
Taxes March 5, 2024
IRS: Time is Running Out to Claim COVID Stimulus Credit
The refundable Recovery Rebate Credit is aimed at taxpayers who did not get one or more of their pandemic-era stimulus checks.
Taxes March 5, 2024
Would You Give Up Social Media For One Year to Never Pay Taxes Again?
Americans hate taxes so much that they would entertain some bizarre options for a tax-free life, according to WalletHub.
Taxes March 5, 2024
Ex-Trump Org CFO Pleads Guilty to Perjury in Fraud Case
Allen Weisselberg pleaded guilty to two first-degree perjury counts at a brief Manhattan Criminal Court hearing on March 4.
Taxes March 4, 2024
Biden Will Push Higher Taxes For the Wealthy in State of the Union
Biden's vow to raise taxes on the rich, which he expects to make during his speech on Thursday, faces obstacles in Congress.