IRS May 29, 2026
IRS Increases Health Savings Account Limits for 2027
The IRS on Friday released its annual inflation-adjusted amounts for health savings accounts for calendar-year 2027, with across-the-board increases.
Taxes February 6, 2023
Treasury Shifts SUV Definition for EV Tax Credits After Carmakers Gripe
The change made Friday is likely to be the difference between thousands of dollars in consumer discounts.
Taxes February 3, 2023
Changes to Tax Credits and Deductions Could Mean Smaller Refunds or Higher Taxes in 2023
Certain tax credits for children and dependents have been reduced, and the charitable deduction some taxpayers took advantage of during the pandemic years is no longer so easy to claim.
Accounting February 3, 2023
Miami Woman Accused of Buying Bentley with PPP Funds
According to the indictment, Rendon submitted fabricated loan applications to lenders in New Jersey and Idaho by falsifying her company’s revenue, payroll, employees ...
Taxes February 3, 2023
R&D Tax Credit Misconceptions and Guidelines
With all the benefits of the R&D Tax Credit, some are looking for clarification on the best the procedures for acquiring the credit and applying it.
Taxes February 3, 2023
Georgia Tax Preparer Pleads Guilty to Federal Tax Fraud Charges
Nadine Word submitted false claims for tax credits for her clients and also failed to pay her own personal taxes.
Payroll February 3, 2023
How to take advantage of ’10-Year Averaging’ in New Retirement Tax Rules
A taxpayer may qualify for “ten-year averaging” when they receive a lump-sum distribution (LSD) from a qualified plan.
Taxes February 2, 2023
Biden Vows to Veto GOP Plan to Abolish the IRS
The president also would veto bill by House Republicans to replace current tax system with a flat consumer tax.
Taxes February 2, 2023
Tax Season Got Off to a Rough Start in Oregon
The Oregon Department of Revenue sent personal tax refund info for 5,000 taxpayers to the wrong address.
Taxes February 2, 2023
Florida CEO Gets 32 Months in Prison for Tax Evasion
To conceal the fraud scheme from the second company and evade taxes on his income for those years, Cory invented fictitious owners, made false representations to his employer, and falsified emails and ...
Small Business February 2, 2023
82% of Texans in Favor of Legalizing Medical Marijuana
While 66% of those polled said they believe legalization would be good for state and local government revenue, there were concerns by many about whether it would encourage increased use.
February 2, 2023
Outsourcing is a Tool Being Used More by Corporate Tax Executives
83% of chief tax officers are planning to use outsourcing, cosourcing, or managed service alliances this year.
February 1, 2023
From RMDs to Student Debt, SECURE 2.0 Offers a Lot
While the law contains nearly one-hundred new retirement provisions, following is a summary of some of the most notable changes ...