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.
Payroll Taxes September 7, 2026
Higher Social Security Payroll Taxes No Longer Taboo for GOP
Some Republicans, like Rep. Lloyd Smucker of Pennsylvania, are slowly warming to the idea of raising payroll taxes on upper-income households to shore up Social Security.
Legislation September 7, 2026
Alabama Lawmaker Wants to Shield College Athletes From Surprise NIL Tax Bills
With so many college athletes now becoming wealthy in the NIL era, Alabama U.S. congresswoman Terri Sewell says she wants to help them avoid being caught off guard when tax season arrives.
Taxes September 4, 2026
IRS Processing of Paper Returns Took Twice as Long This Past Filing Season
Individual paper returns took an average of about 30 calendar days to process during the 2026 filing season, compared with 16 in 2025, according to the Government Accountability Office.
Taxes September 3, 2026
Ohio Senator Wants to Wipe Out Data Center Tax Breaks Nationwide
Ohio Republican Sen. Bernie Moreno said his proposal would impose a federal tax equal to 100% of any tax incentive a state or local government gives a data center.
Taxes September 3, 2026
Trump Backs a Federal Film Tax Credit. What That Could Mean for Hollywood
After President Trump threw his support behind an effort for a national film tax credit, Hollywood is hopeful that a lifeline could finally be on its way.
State CPA Societies September 3, 2026
Tennessee Society of CPAs to Host Technology and Federal Tax Conferences
The Technology Conference will take place on Nov. 9-10, and the Tennessee Federal Tax Conference is scheduled for Nov. 18-20.
Taxes September 3, 2026
18,000 Private Schools’ Tax-Exempt Status in Jeopardy After Proposed Rules From Treasury, IRS
Proposed regulations issued on Thursday could put an end to the federal tax-exempt status of as many as 18,000 private educational institutions that the Trump administration says engage in racial discrimination.
Taxes September 2, 2026
Tax Court Penalizes ‘Pretty Sophisticated’ Taxpayer
Depending on the situation, the IRS may have discretion to hand out some of these penalties or to cut unknowing taxpayers some slack.
Accounting September 2, 2026
Split the Year With Your Bookkeeper So Tax Season Isn’t a Cleanup
Split the year, define the handoffs, and January becomes what it should have been all along: the start of tax season, not the end of last year’s bookkeeping.
Taxes September 2, 2026
Big Change for Colorado Income Tax Makes Ballot
Initiative 195 would create a graduated income tax for the state under which higher earners pay a greater percentage of their income than lower earners, generating significantly more tax revenue.
Accounting September 2, 2026
Former Bookkeeper at Hartford Law Firm Pleads Guilty in $750,000 Embezzlement Scheme
Heather Murdock used the firm's bookkeeping software to generate hundreds of fake checks that were made payable to herself between approximately 2010 and 2022.
Payroll September 1, 2026
What the New 1099 Reporting Rules Mean
The IRS has updated Forms 1099-NEC, 1099-MISC, and 1099-K for 2026 to separately report information related to tips and qualified overtime compensation.