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Taxes

Voting Opens for 2026 Readers’ Choice Awards!

Accounting February 28, 2026 

Voting Opens for 2026 Readers’ Choice Awards!

Voting in the 2026 Readers’ Choice Awards is now open. Readers can vote for the programs, hardware, services, and other technologies they use and trust.

Isaac M. O'Bannon

Featured Articles

April 3, 2026  

IRS Says 4 Million Children Have Been Enrolled for Trump Accounts

April 3, 2026  

Maine Democrats Tack Millionaire Tax Onto Governor’s Final Spending Plan

April 2, 2026  

Treasury Department, IRS Extend Filing Deadline by 30 Days for DHS Workers

April 2, 2026  

A Year After ‘Liberation Day,’ What Did Trump’s Tariffs Achieve?

April 2, 2026  

Why Are Illinois’ Tax Rates So High? What an Economist Says is ‘Skewing’ Things
Chicago Mayor Says Attacks Against His Proposed Head Tax ‘Would Make Donald Trump Blush’

Taxes December 2, 2025 

Chicago Mayor Says Attacks Against His Proposed Head Tax ‘Would Make Donald Trump Blush’

Mayor Brandon Johnson on Tuesday signaled that he will continue digging his heels in on his controversial head tax proposal rather than seek to reconcile with a rebellious City Council.

Hopes Fade for ACA Tax Credit Deal as Trump Proposal Fizzles with Republicans

Taxes December 2, 2025 

Hopes Fade for ACA Tax Credit Deal as Trump Proposal Fizzles with Republicans

President Donald Trump has admitted he would prefer to allow the tax credits to expire rather than fund an extension that would further entrench the program colloquially known as Obamacare.

Costco Joins Companies Suing for Refunds if Trump’s Tariffs Fall

Taxes December 2, 2025 

Costco Joins Companies Suing for Refunds if Trump’s Tariffs Fall

Costco is among dozens of companies to file lawsuits in a U.S. trade court since late October challenging President Donald Trump’s use of an economic emergency powers law to impose the levies.

Trump Renews Call to Eliminate U.S. Income Tax Completely Due to Tariff Revenue

Taxes December 1, 2025 

Trump Renews Call to Eliminate U.S. Income Tax Completely Due to Tariff Revenue

Citing the "hundreds of billions of dollars" the U.S. is receiving in tariff revenue, President Donald Trump said his administration could completely eliminate the income tax in the U.S. over the next couple of years.

Jason Bramwell

Coming in 2026: A Battle Over California Billionaire Tax Proposal

Taxes December 1, 2025 

Coming in 2026: A Battle Over California Billionaire Tax Proposal

The measure, which was filed with the attorney general’s office in October and opposed by Gov. Gavin Newsom, would impose a one-time 5% tax on Californians with assets worth $1 billion or more.

Hunter Biden Could Be Disbarred in Connecticut Over Tax, Gun Convictions

Taxes December 1, 2025 

Hunter Biden Could Be Disbarred in Connecticut Over Tax, Gun Convictions

The son of former President Joe Biden has been a member of the bar in Connecticut since 1997, a year after graduating from Yale Law School.

Northwest Region Leads on Tax Competitiveness, with One Glaring Exception

Taxes December 1, 2025 

Northwest Region Leads on Tax Competitiveness, with One Glaring Exception

The latest numbers from the Tax Foundation show that Wyoming is the most taxpayer-friendly state, Montana is 6th, and Idaho is 9th. But Washington coming in near last at 45th is a cause for concern.

IRS Income Tax Refund Schedule for 2026 – When Will You Get Your Refund?

Income Tax November 27, 2025 

IRS Income Tax Refund Schedule for 2026 – When Will You Get Your Refund?

An easy calendar with no log-in or financial data needed to see an estimate of when you may receive your income tax refund, based on when you file.

Isaac M. O'Bannon

Sen. Jim Justice to Pay $5.2M in Overdue Taxes After DOJ Suit

Taxes November 26, 2025 

Sen. Jim Justice to Pay $5.2M in Overdue Taxes After DOJ Suit

The Republican senator from West Virginia and his wife owed the $5.2 million going back to at least 2009. The Justice Department sued Nov. 24 to collect the money, and the Justice family agreed hours later to pay up.

THIS WEEK: Free Online CPE and IRS CE Conference Dec. 10-11

Accounting November 25, 2025 

THIS WEEK: Free Online CPE and IRS CE Conference Dec. 10-11

The event is free for professionals - all sessions qualify for one hour of certified CPE credit in various fields of study, while five of the tax-focused sessions also offer an hour each of CE credit.

Isaac M. O'Bannon

irs1

Taxes November 25, 2025 

IRS Seeks Comments on New OBBBA Tax Credit Scholarship Program

The Treasury Department and the IRS are seeking feedback on the implementation of a new federal tax credit scholarship program under the One Big Beautiful Bill Act designed to support school choice initiatives and students with education-related expenses.

Jason Bramwell

AICPA Offers Comments on MTC State Partnership Income Sourcing Rules

Taxes November 25, 2025 

AICPA Offers Comments on MTC State Partnership Income Sourcing Rules

The letter’s general recommendation asks for definition of which rules partnerships should apply when computing entry-level taxes.

Isaac M. O'Bannon

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