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.
Taxes May 29, 2026
Tax the Rich, DeSantis Suggests to Florida Counties Worried About His Property Tax Plan
Florida Gov. Ron DeSantis doubled down on his plan to phase out property taxes on homeowners’ primary residences, saying local governments should turn to uber-wealthy landowners to shore up their budgets from the lost revenue.
Taxes May 29, 2026
Property Tax Appeal Offers: Help Clients Look Beyond Gross Savings
No-upfront-fee appeal offers can be legitimate, but clients still need to know what is being challenged, what evidence exists, and what they would keep after fees.
Accounting May 29, 2026
AICPA Asks Treasury and IRS for Further Guidance on Proposed Trump Account Regulations
The AICPA urges final regulations to define the term "available," which is currently unclear when determining if lower-priority individuals can open an account.
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.