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Taxes

irs-building1

Taxes September 15, 2026 

IRS Extends Drought Tax Relief for Farmers and Ranchers

The IRS issued guidance on Tuesday that extends tax relief for farmers and ranchers in 49 states and other regions who sold or exchanged livestock because of drought conditions.

Jason Bramwell

Featured Articles

October 14, 2026   Sponsored

CPE Webinar: Midterms and the Tax Agenda: What 2026 Could Mean for Tax Professionals

September 15, 2026  

Union Leader Behind Prop. 40 California Billionaire Tax Faces Scrutiny Over Alleged Bullying

September 15, 2026  

$10 Million Fight Brewing Over Proposal to Stop Income Tax on Washington Millionaires

September 15, 2026  

Delta Air Lines, Wells Fargo, and Pivot Bio Are Embracing Trump Savings Accounts for Workers’ Kids

September 15, 2026  

A Federal Tax Credit Could Add 143,000 Film and TV Jobs, Study Says
IRS Shares Five New Warning Signs of Incorrect ERC Claims

Taxes July 26, 2024 

IRS Shares Five New Warning Signs of Incorrect ERC Claims

These red flags come from common issues that IRS compliance teams have seen while analyzing and processing ERC claims.

Jason Bramwell

 ‘Unpredictable’ Election Clouds Tax and Economic Policy View

Taxes July 26, 2024 

‘Unpredictable’ Election Clouds Tax and Economic Policy View

The immediate unknown is whether Vice President Kamala Harris would recalibrate Democrats' economic agenda.

 Sanders May Bring His Populist Brand to Powerful Senate Finance Committee

Taxes July 26, 2024 

Sanders May Bring His Populist Brand to Powerful Senate Finance Committee

Sen. Bernie Sanders said he has "some interest" in the Finance panel opening, due to the resignation of Sen. Bob Menendez next month.

New Jersey Joins IRS Direct File For 2025 Filing Season

Taxes July 26, 2024 

New Jersey Joins IRS Direct File For 2025 Filing Season

Direct File will now be a permanent option for taxpayers in states that choose to participate, and New Jersey said it's in.

IRS Boasts New and Improved Online Tools and Digital Services For Taxpayers

Taxes July 25, 2024 

IRS Boasts New and Improved Online Tools and Digital Services For Taxpayers

The agency provided an update July 25 on its Strategic Operating Plan, which sets out several priorities for the IRS to accomplish.

Jason Bramwell

IRS Chief Not Too Worried About Fallout From Loper Bright Ruling

IRS July 25, 2024 

IRS Chief Not Too Worried About Fallout From Loper Bright Ruling

Danny Werfel said he's "fairly optimistic" the Supreme Court ruling won't deter future efforts to provide better taxpayer services.

Jason Bramwell

 Local Governments are Addicted to Sales Tax Revenues

Small Business July 25, 2024 

Local Governments are Addicted to Sales Tax Revenues

The 2024 Mid-Year Sales Tax Rates and Rules report, commissioned by Vertex Inc., outlines the evolving landscape of local tax implementation, proliferation of fees, and increasing complexity of tax compliance for businesses across the U.S.

Isaac M. O'Bannon

IRS Releases Initial Guidance on Carbon Sequestration Tax Credit

Taxes July 24, 2024 

IRS Releases Initial Guidance on Carbon Sequestration Tax Credit

Notice 2024-60, issued by the IRS on July 24, details how taxpayers can claim the credit for the sequestration of carbon oxide.

Jason Bramwell

 Texans Get Tax Relief From the IRS After Hurricane Beryl

Taxes July 24, 2024 

Texans Get Tax Relief From the IRS After Hurricane Beryl

Individual and business taxpayers in 67 counties now have until Feb. 3, 2025, to file their returns and make tax payments.

Jason Bramwell

 Opinion: Some of Trump’s Tax Cuts Worked, But at What Cost?

Taxes July 23, 2024 

Opinion: Some of Trump’s Tax Cuts Worked, But at What Cost?

Donald Trump’s 2017 Tax Cuts and Jobs Act was the biggest corporate tax cut in U.S. history. But how has it affected the economy?

US-Supreme-Court1

Taxes July 22, 2024 

Supreme Court Rules Against Popular Tax Exempt Business Transfers

The decision in Connelly v. United States last month impacts certain types of smaller businesses, in particular closely held companies.

Avalara_Logo

Sales Tax July 22, 2024 

KPMG and Avalara Form Alliance for Tax Compliance Automation

The new alliance allows organizations to leverage the combined power of Avalara’s compliance automation technology – including indirect tax calculation, returns, exemption certificate management, cross-border compliance, e-invoicing, and registrations.

Isaac M. O'Bannon

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