Taxes September 11, 2026
Bloomberg Tax & Accounting Projects 2027 Tax Rates
The annual Projected U.S. Tax Rates Report enables tax professionals and taxpayers to begin planning for the upcoming year ahead of the official IRS announcement this fall.
Taxes July 16, 2026
A $900 Tax Break for Pet Owners? New Jersey is Considering It
A proposal in the state Legislature would provide pet owners with a $300 state tax credit for everyday pet expenses and up to an additional $600 for veterinary care.
Taxes July 16, 2026
Las Vegas Tax Preparer and 11 Others Indicted in $14M COVID Loan Fraud Scheme
Tax preparer Charles Omonzokpia Usigbe and 11 others, accused of conspiring to fraudulently obtain more than $14 million in COVID relief loans, were indicted by a federal grand jury in Nevada, prosecutors announced Tuesday.
Technology July 15, 2026
Canopy Launches Comprehensive Tax Workflow Automation
The new suite prioritizes firm control by keeping every AI-generated output fully transparent and editable before it reaches the client.
Taxes July 15, 2026
Here’s How Much Americans Pay in Taxes Over Their Lifetime
In fiscal year 2025, the federal government collected $2.66 trillion in individual income taxes. But how much will the average American pay in income and other taxes throughout their lifetime?
Taxes July 15, 2026
Tax-Exempt Organizations and the IRS: FY25 Audit and Penalty Increase and How to Prepare
The old adage “the best defense is a good offense” applies equally to football games and IRS tax-exempt audits.
Taxes July 15, 2026
Ferguson Campaigns Against Initiative to Repeal Washington ‘Millionaires Tax’
Gov. Bob Ferguson kicked off a campaign to preserve the state’s new high-earners income tax on Tuesday, arguing an initiative to kill the tax would have disastrous consequences for schools, small businesses and families.
Taxes July 15, 2026
Make the IRS an Offer It Can’t Refuse
The IRS won’t agree to an offer-in-compromise unless the amount offered is equal to or greater than the reasonable collection potential.
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 July 14, 2026
California Lawmakers Cry Foul Over New Cap Placed on Film Tax Credits
More than three dozen California legislators are calling for Gov. Gavin Newsom to exempt the state’s film and TV production incentive program from a recently approved cap on corporate tax credits.
Taxes July 14, 2026
Hawaii’s New ‘Millionaire Tax’ Rivals Top Tax Rate Among Other States
Personal income tax rates in Hawaii will become a little more progressive next year in part due to a new top rate for high-income households that puts the isles closer to the state with the highest rate.
Taxes July 14, 2026
Supporters of Phasing Out Missouri Income Tax Won’t Talk Specifics Ahead of Public Vote
Supporters of phasing out the state income tax and replacing it with a broader tax on sales and services are not saying what new items would be taxed and how much higher sales taxes might rise if voters approve the proposal on the Aug. 4 primary ballot.
IRS July 13, 2026
Judge Rules Trump IRS Immunity Deal Has No ‘Basis in Law’
U.S. District Judge Kathleen Williams said the president's lawsuit against the IRS "was not brought to vindicate rights; it was brought to manipulate the judicial process to pursue benefits unavailable in litigation because the parties were not adverse.”