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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

March 9, 2026  

Booker to Propose Bill That Would Make First $75K in Earnings Tax Free for Married Couples

March 9, 2026  

Tax Refunds Are Up Nearly 11% So Far in 2026, According to IRS Data

March 9, 2026  

AICPA Urges IRS to Expand First Time Abatement Program

March 9, 2026  

IRS Extends Support Hours on Weekdays and Saturdays Through April 30

March 9, 2026  

Washington State’s ‘Millionaires Tax’ Proposal Haunted by 1933 Court Decision
Small U.S. Businesses Paying Trump Tariffs Face a $202 Billion Hit

Small Business August 11, 2025 

Small U.S. Businesses Paying Trump Tariffs Face a $202 Billion Hit

Small U.S. companies, the source of more than half of the country’s job creation in recent years, are struggling to comply with President Donald Trump’s new tariffs and cope with growing financial strains clobbering them from higher import costs.

These States Have the Highest Share of Homeowners Who Would Benefit if Trump Scraps Capital Gains Tax

Taxes August 11, 2025 

These States Have the Highest Share of Homeowners Who Would Benefit if Trump Scraps Capital Gains Tax

The biggest potential beneficiaries are those who have already built considerable wealth through their property, and they mainly come from states where home prices are high and have increased quickly, according to a Redfin report.

Jason Bramwell

‘Millionaire’s Tax’ Cash Flooded Massachusetts’ Coffers Last Year

Taxes August 11, 2025 

‘Millionaire’s Tax’ Cash Flooded Massachusetts’ Coffers Last Year

Massachusetts collected $43.7 billion in the budget year that ended on June 30, driven by healthy collections from the state’s Millionaire’s Tax and a new capital gains tax, state data show.

IRS Commissioner Billy Long Removed by Trump Two Months After Confirmation

IRS August 8, 2025 

IRS Commissioner Billy Long Removed by Trump Two Months After Confirmation

Treasury Secretary Scott Bessent will add acting IRS chief to his duties until Long's replacement is installed.

Ledgible and BitGo Partner to Help Crypto Clients Stay Tax Compliant

Technology August 8, 2025 

Ledgible and BitGo Partner to Help Crypto Clients Stay Tax Compliant

Through this partnership, BitGo clients gain direct access to Ledgible’s tax information reporting and accounting solutions, built to meet the demands of enterprises, fund managers, and financial institutions.

Jason Bramwell

Bessent Pressed by MSNBC Analyst on How Tariffs Are Paid

Taxes August 7, 2025 

Bessent Pressed by MSNBC Analyst on How Tariffs Are Paid

On MSNBC’s “Morning Joe,” Eugene Robinson walked Treasury Secretary Scott Bessent through addressing the “confusion” when it comes to whether a U.S. importer or another country would have to pay for tariffs.

IRS Says No Changes Needed for Individual Information Returns or Withholding Tables for 2025

OBBBA Tax Act August 7, 2025 

IRS Says No Changes Needed for Individual Information Returns or Withholding Tables for 2025

The Internal Revenue Service recently stated that, as part of its phased implementation of the One Big Beautiful Bill Act, there will be no changes to certain information returns or withholding tables for Tax Year 2025 related to the new law.

Isaac M. O'Bannon

Trump’s Tariffs Take Effect in Fresh Test for Global Economy

Taxes August 7, 2025 

Trump’s Tariffs Take Effect in Fresh Test for Global Economy

Taken together, President Trump’s actions will push the average U.S. tariff rate to 15.2%, well above 2.3% last year and the highest level since the World War II era.

OBBBA: Where to Start for Corporations

Taxes August 7, 2025 

OBBBA: Where to Start for Corporations

The One Big Beautiful Bill Act (OBBBA) has introduced several changes with important implications for businesses.

salesusetaxes1

Sales Tax August 7, 2025 

Sales Tax Risk: What Every CFO Should Know Before It Hits Your Bottom Line

Sales tax risk is a silent disruptor. For finance leaders, it’s about time lost, strategic momentum drained, and avoidable exposure creeping in. But it doesn’t have to be.

insightsoftware and Orbitax Partner for Tax Reporting and Pillar Two Compliance

Taxes August 7, 2025 

insightsoftware and Orbitax Partner for Tax Reporting and Pillar Two Compliance

Multinational tax teams face mounting pressure to manage increasingly complex compliance requirements while maintaining accuracy in their tax provisions.

Isaac M. O'Bannon

Ex-GOP House Speaker Likens Trump’s Economy to ‘Driving the Car with Two Feet’

Taxes August 6, 2025 

Ex-GOP House Speaker Likens Trump’s Economy to ‘Driving the Car with Two Feet’

Former Republican House Speaker Paul Ryan discussed President Donald Trump’s tariff agenda during a TV appearance on Aug. 5, warning that he sees “choppy waters ahead.”

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