Taxes August 5, 2026
Paxton Pitches Family Tax Cuts While Hammering Talarico in Texas Senate Race
The GOP candidate promotes tax breaks on health care, homes and children as the Democrat's campaign calls the affordability push "laughable."
Taxes May 29, 2026
Connecticut May Put 100% Tax on Trump ‘Anti-Weaponization Fund’ Payouts
"If you filed a claim with Trump's slush fund and collected a check, we are going to explore every legal option available to take every penny of it back," Connecticut Senate Majority Leader Bob Duff said.
IRS May 28, 2026
IRS: Taxpayers Are Now Able to View and Submit Trump Account Elections in Their Individual Account
New features in IRS Individual Accounts now allow taxpayers to view and submit Trump Account elections, making it easier for families to invest in this tax-advantaged savings vehicle created by the One Big Beautiful Bill Act, the tax agency said May 28.
Payroll May 28, 2026
Trump Accounts App Launches: What to Do Now to Get $1,000 for Your Child
The U.S. Treasury Department has launched the Trump Accounts app, the next step in the pilot program that will give $1,000 to some American children.
Financial Reporting May 28, 2026
Expanded Section 4960 Rules Create New Financial Planning Challenges for Nonprofits
The One Big Beautiful Bill Act expands IRC Section 4960, widening the 21% executive compensation excise tax to include all employees earning over $1 million.
Financial Reporting May 28, 2026
Crypto Information Reporting Mismatches: Fix 1099 Issues Before an Audit
Basis reporting phases in for 2026 transactions, requiring proactive reconciliation to prevent underreporting flags.
Taxes May 28, 2026
Newsom Vows to Levy 100% Tax on California Recipients of Trump’s $1.8 Billion ‘Slush Fund’
Gov. Gavin Newsom indicated that he would need action from the Democratic-led California Legislature to impose the new tax. If adopted, the measure would likely face legal challenge.
Taxes May 28, 2026
Wisconsin Democrats Propose 100% Tax on Trump ‘Weaponization’ Fund
A growing number of Wisconsin Democrats, including several sitting lawmakers and candidates for governor, are proposing a 100% tax on any funds sent to Wisconsinites convicted in the Jan. 6, 2021, storming of the U.S. Capitol.
Taxes May 28, 2026
Governor Promises to ‘Veto Any Attempt’ to Drop Threshold on Washington Millionaires Tax
Gov. Bob Ferguson on Wednesday vowed to never lower the $1 million threshold on Washington’s controversial new income tax on high earners.
Taxes May 28, 2026
‘A Plan to Have a Plan.’ Key Details Still Undefined in DeSantis’ Tax-Cut Pitch
After more than a year of publicly hyping the idea of major property tax relief, Florida Gov. Ron DeSantis on Wednesday finally unveiled what he called a plan to deliver it. What he did not unveil was an actual proposal.
Taxes May 28, 2026
Tax Cap Would Force North Carolina to Hike Other Taxes, Governor Says
Gov. Josh Stein is calling a constitutional amendment capping North Carolina’s income tax rate a “con” and a “cynical shell game” that would put the burden for raising revenue on “regular” North Carolinians.
Taxes May 27, 2026
IRS is Resurrecting the Significant Issue Ruling Program
A previous IRS program that lets taxpayers request private letter rulings on “significant issues” in certain corporate transactions, rather than requiring a ruling on the entire transaction, is being revived by the tax agency.
Technology May 27, 2026
Byron Launches with AI Agents for Business Tax Preparation Workflows
The platform's AI agents are designed to eliminate manual processes across the business tax preparation workflow of CPA firms—from processing unstructured client data to generating review-ready workpapers and output.