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Taxes

Paxton Pitches Family Tax Cuts While Hammering Talarico in Texas Senate Race

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."

Featured Articles

August 5, 2026  

Protecting Non-Resident Clients From the $25,000 IRS Form 5472 Trap

August 5, 2026  

Missouri Voters Reject Plan to Phase Out State’s Income Tax

September 3, 2026   Sponsored

CPE Webinar: Estate Planning After OBBBA: Turning Theory into Practice

August 4, 2026  

IRS Warns of 5 Types of Tax Data Phishing Scams

August 4, 2026  

Form 990: Classifying a School That Hasn’t Opened Yet: Obtaining IRS Approval and What Happens If the IRS Disagrees
Toy Manufacturer Sues Trump Administration Again Over New Round of Tariffs

Small Business July 27, 2026 

Toy Manufacturer Sues Trump Administration Again Over New Round of Tariffs

Learning Resources, the Vernon Hills, IL, toymaker that successfully brought down the Trump administration’s 2025 tariffs in a seminal Supreme Court decision, is once again suing over the latest round of sweeping global tariffs.

Florida Police and Fire Unions Oppose Property Tax Rollback

Taxes July 27, 2026 

Florida Police and Fire Unions Oppose Property Tax Rollback

One of the largest unions representing police officers in Florida has come out against the ballot initiative meant to begin rolling back property taxes, joining some state firefighter organizations in opposition.

Spying Allegations Aside, Head of IRS and SSA Says Your Info is Safe with Him

IRS July 24, 2026 

Spying Allegations Aside, Head of IRS and SSA Says Your Info is Safe with Him

Frank J. Bisignano, who heads both the IRS and Social Security Administration, dismissed accusations in a recent Wall Street Journal article that he spied on fellow executives during his previous financial career.

Illinois’ Digital Asset Tax Creates a New Compliance Regime for 2027

Taxes July 24, 2026 

Illinois’ Digital Asset Tax Creates a New Compliance Regime for 2027

While the 0.2% rate seems straightforward, most everything needed to administer the tax in practice is less certain.

Jake A Leahy

Why Trump’s 50% Hockey Equipment Tariffs Are Unlikely to Hit U.S. Families

Small Business July 24, 2026 

Why Trump’s 50% Hockey Equipment Tariffs Are Unlikely to Hit U.S. Families

The Minnesota Trade Office believes most hockey sticks and equipment imported to the U.S. will be exempt from the 50% tariff.

Fuel Market Volatility and the Knowledge Gap: A Practical Playbook for Tax Teams

Taxes July 24, 2026 

Fuel Market Volatility and the Knowledge Gap: A Practical Playbook for Tax Teams

Tax leaders need standardized filing processes that can withstand market volatility while creating intentional systems to preserve institutional knowledge before experienced professionals retire.

Bob Donnellan, Kelly Grace

Trump Rebuilds Tariffs with New Levies on 60 Economies

Small Business July 24, 2026 

Trump Rebuilds Tariffs with New Levies on 60 Economies

The new levies follow an investigation into the alleged failure of around 60 economies to prevent forced labor in their supply chains to the detriment of American workers.

Mamdani Starts Process for NYC Second-Home Tax on Non-Primary Residences

Taxes July 24, 2026 

Mamdani Starts Process for NYC Second-Home Tax on Non-Primary Residences

New York City has begun mailing notices to property owners who may be subject to a proposed tax on second homes, a measure aimed at generating revenue from residents who maintain city properties while mainly living elsewhere.

Tennessee Farmer Tried to Return $20,000 to IRS. Years Later, He’s Still Fighting

Taxes July 23, 2026 

Tennessee Farmer Tried to Return $20,000 to IRS. Years Later, He’s Still Fighting

Wilson Perry Kirby, 76, says a $20,000 refund the IRS sent by mistake has turned into a yearslong dispute.

IRS-CI Urges Families to Stay Vigilant Against Back‑to‑School Scams

IRS July 23, 2026 

IRS-CI Urges Families to Stay Vigilant Against Back‑to‑School Scams

During this season, criminals frequently target parents, educators and students with financial offenses such as online shopping scams, impersonation schemes, scholarship fraud and digital exploitation directed at youth.

Do You Make the Grade as a Real Estate Pro?

Taxes July 23, 2026 

Do You Make the Grade as a Real Estate Pro?

This a high bar to clear for taxpayers with other full-time jobs. Keep detailed and accurate records to prove your status as a professional.

Ken Berry, JD

Microsoft Sued Over Xbox Tariff Costs, Refunds

Taxes July 23, 2026 

Microsoft Sued Over Xbox Tariff Costs, Refunds

A Microsoft customer is accusing the company of passing the costs of tariffs onto consumers while standing to gain from federal government refunds.

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