Advisory September 16, 2026
Your Client Has 501(c)(3) Status. Is Its Illinois Real Estate Exempt?
State sales tax exemptions and property tax exemptions, often do not flow with federal public charity status.
Taxes August 21, 2024
New Tools Help Governments Tap Clean Energy Tax Credits
The process for obtaining these credits is unlike that of any previous program, and online resources have added to make it easier to navigate.
Taxes August 20, 2024
Harris Calls For 28% U.S. Corporate Tax Rate
The Democratic presidential nominee's plan is in line with the corporate tax rate the Biden administration proposed in March.
Taxes August 20, 2024
What’s All the Fuss About Tips and Taxes?
Both presidential candidates are pledging to exempt workers from paying taxes on their tips, but experts say it's bad policy.
Taxes August 20, 2024
Greatland Corp. Acquires Information Returns Inc.
Information Returns customers will be transitioned to Greatland’s Yearli platform. Yearli offers the most complete federal, state and recipient wage and information reporting platform for businesses, accountants, and related service providers in the market.
Taxes August 19, 2024
IRS Releases 401(k) Employer Match Guidance for Student Loan Repayments
The SECURE 2.0 ACT permits employers to provide matching contributions for employees based on their payments on student loans.
Taxes August 19, 2024
U.S. Olympians Get Tax Break for Medals and Financial Awards
Until 2016, the U.S. taxed Olympic medal winners on the value of the medals won. A law enacted in 2016 excluded the value of Olympic medals from tax for those with incomes of $1 million or less, starting in 2016.
Taxes August 19, 2024
IRS Encourages Pre-Filing Registration for Elective Pay Claims
The agency recommends that taxpayers submit the pre-filing registration at least 120 days before the planned filing date.
Taxes August 19, 2024
IRS Reminds Truckers of Key Tax Deadline
Taxpayers who operate large trucks and buses have until Sept. 3 to file Form 2290 for vehicles used in July 2024, the IRS said.
Taxes August 19, 2024
N.J. Accounting Professor Convicted of Tax Evasion
Gordian Ndubizo of New Jersey who taught accounting at Drexel University was convicted Aug. 15 by a federal jury on all eight counts.
Sales Tax August 16, 2024
TaxValet Achieves B Corp Status
The company says this significant milestone reflects its dedication to positively impacting its employees, clients, communities, and the planet.
Taxes August 16, 2024
IRS Opens 2025 Tax Compliance Program for Corporations
The application period for the 2025 Compliance Assurance Process program will be from Sept. 4 until Oct. 31, the agency said Thursday.
Taxes August 16, 2024
Harris to Propose Tax Cuts for Newborns in Economic Agenda
The proposal, which Kamala Harris will announce on Aug. 16, would provide a $6,000 child tax credit within a newborn child’s first year.