Small Business June 26, 2026
Tax Court Doesn’t Horse Around in New Hobby Loss Case
After examining all the evidence, the Tax Court ruled that the activity doesn’t rise to the level of a business. Result: All the loss deductions are denied.
May 31, 2013
Accounting firm Anchin, Block & Anchin adds tax partner to real estate practice
Anchin, Block & Anchin LLP has announced the addition of Michael Carnevale as a Tax Partner in its rapidly growing Real Estate practice.
May 31, 2013
Texas house and senate pass tax incentives for R&D in state
Texas Legislature Approves Incentive for Research and Development Activities
May 30, 2013
Man who wrote actual book on tax evasion gets prison
A federal judge on Wednesday threw the figurative book at a former Tennessee businessman who wrote a literal book on how to dodge income taxes.
May 29, 2013
IRS watchdog says agency staff are misusing travel cards
Although the Internal Revenue Service’s (IRS’s) travel card program controls are generally effective, the agency needs to take more aggressive action to address card misuse.
May 28, 2013
Bipartisan bill in U.S. Senate would make tax cheats lose federal jobs
With the IRS scandal over targeting conservative groups still simmering, two senators -- one from each party -- say the time is ripe to push the beleaguered agency to go after a real, proven target: federal employees who are tax cheats.
May 28, 2013
Michigan Supreme Court justice sentenced to prison over real estate scam
There goes the judge... to prison. In a Michigan courtroom on Tuesday, former Michigan Supreme Court Justice Diane Hathaway was sentenced to one year and one day in prison and ordered to pay $90,000 in restitution.
May 28, 2013
Denver economic growth strongest since 2008
With unemployment down and increasing business investments, the mayor of Denver, Colorado and the city's Office of Economic Development announced on Monday that the city's economy is strong and getting stronger.
May 27, 2013
Lawyer claims IRS and Administration have tried to intimidate Koch Industries
The chief lawyer for Koch Industries said Friday that government targeting of conservative political groups is nothing new to the Wichita-based company.
May 27, 2013
Oklahoma tornado relief gets political
Oklahoma Governor Mary Fallin's administration rejected a plan to distribute debit cards worth $1,200 - funded with federal money - to tornado-stricken families early this week after determining that more traditional efforts were meeting the affected area's needs.
May 26, 2013
Major property tax cut in Iowa comes closer to passage
The Iowa Senate voted 43-6 Wednesday to pass a wide-ranging, historic tax relief package that will benefit all property classes, provide an estimated $120 credit to income taxpayers, and give a break to low-income working families.
May 25, 2013
Kansas Legislators clash on tax negotiations
Negotiations between House and Senate Republicans over tax-cutting proposals crashed Thursday morning as Senate leaders moved ahead to potentially vote on a new plan that House leaders say they haven't seen yet.